Progress Capital Arranges Acquisition Financing for Shopping Center in NJ

Brian Anderson and Eddie Miro of Progress Capital secured a $2,300,000 acquisition loan for their client to purchase Crestwood Village Shopping Center, located at 550 County Road 530, Manchester Twp., NJ.

The center is ideally located in a well trafficked neighborhood situated at the signaled intersection of Route 530 and Schoolhouse Road. The 23-unit shopping mall features 32,878 square-feet of retail, office and medical professionals that serve the local market, including multiple adult communities that encompass the area.

Manchester Township is located in Ocean County, New Jersey, just minutes from the Jersey Shore and in between New York City, Philadelphia and Atlantic City.

Progress Capital is a commercial mortgage advisory firm with over $40 Billion in closed loans and $150 Million of directly funded bridge loans.  Since 1990, the firm has provided value to their clients by securing the best capital options available in the market.