South River, NJ
Progress Capital arranged a $5.2MM refinance for a single-tenant Rite Aid. Kathy Anderson locked in a 15 year fixed rate loan at 4.25% based on a 25 year amortization. “My client was very concerned about a rising interest rate environment and insisted upon a 15 year fixed rate.” –mentioned Kathy Anderson
The Progress team regularly analyzes clients’ portfolios and provides advice on whether it makes economic sense to refinance at current low interest rates to ensure the bottom line for years to come. With interest rates at record lows, it is important for all commercial real estate owners to review their rate exposure before the next uptick.
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