Progress Capital Arranges $11,700,000 Loan to Refinance MF Portfolio
On behalf of clients, Steven Hess and Leslie Seale of Novus Equities, Kathy Anderson and Caillin Boles of Progress Capital secured an $11,700,000 Loan for a Multi-Family portfolio totaling 100 units plus 6 commercial spaces located in Hudson and Passaic Counties.
Terms include:
- $11,700,000 Loan Proceeds
- 3.25% Fixed for 7 Years
- 30 Year Amortization
- Non-Recourse
- 3-3-2-1-1-1-0 Prepay
Progress Capital is a commercial real estate mortgage advisory firm with over $40 Billion in closed loans and $150 Million of directly funded bridge loans. Since 1990, we have been providing clients with financing advice and securing the best capital options available in the market.
