Progress Capital Provides End-to-End Investment Solution for High Net Worth Investor
CLAXTON, GA – Progress Capital, secured $1.2 Million for a high net worth investor looking for a conservative long-term investment as an asset allocation. The investor was provided financing requirements for an 11,364 SF NNN Rite Aid Pharmacy located in Claxton, GA, while receiving a full-service commercial real estate investment experience.
The property is currently under a long term 20-year lease with 11 years left and (6) five-year renewal options. Progress Capital negotiated the acquisition and worked with local banks to arrange financing. In addition to securing the debt, Christopher F. Brislin, Esq. was engaged to structure the LLC on behalf of the investor, as well as worked to arrange an umbrella policy that provided an additional $5 Million on the client’s entire portfolio.
The Rite Aid is located in the heart of Claxton’s main retail and commercial corridor. The area is served by a number of national and regional retailers including Advance Auto Parts, Family Dollar, Parker’s, Verizon Wireless, Dairy Queen, Pizza Hut, Subway and McDonald’s among others.
- Loan Amount:$1.2M Perm Loan
• Term: 10 Year fixed rate
• Amortization: 25 yrs
• Annual ROI: 7.35% on 65% LTV
Progress Capital is a commercial real estate advisory company serving clients since 1990. With over $40 Billion in closed loans and $150 Million of directly funded bridge loans, we will get you to the closing table… Plain and Simple. #thatsProgress