Progress Capital Arranges $1.70 Million for the Refinancing of a Partially Vacant Professional Medical Center in Florida
Abe Mann and Evan Boles of Progress Capital secured $1,700,000 for a repeat client to refinance a medical office property located at 801 Douglas Ave. in Altamonte Springs, Florida.
Abe and Evan worked with a national bridge lender who provided favorable terms.
The medical office building contains a vacant first floor, that is in ‘Vanilla Shell’ condition, while a National tenant occupies the second level. Built in 1985 and recently renovated, the 15,385 SF building is situated in a prime location featuring I-4 frontage, convenient access to interstate and major roads and just 1 mile from ample shopping and dining.
Progress Capital is a commercial mortgage advisory firm with over $40 Billion in closed loans and $150 Million of directly funded bridge loans. With over 30 years of experience, we continually prove our value to our clients by securing the best capital options available in the market.