Closed Loans

Progress Capital Secures $6,400,000 to Refinance Two Brooklyn Warehouse Buildings

Kathy Anderson, Founding Partner at Progress Capital arranged a $6,400,000 loan secured by two industrial/warehouse properties totaling 88,000 SF in Brooklyn, NY.

Kathy along with Spencer Savings Bank negotiated the following terms for both loans:

  • 4.625% Fixed for 5 Years with reset
  • 30 Year Amortization
  • 65% LTV
  • 5-4-3-1-1 prepay
  • Non-Recourse

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

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