The Bronx, NY
Progress Capital arranged a permanent mortgage loan on a TD Bank branch building. This was a Non-Recourse loan with a 15 year term, based on a 25 year amortization. The prepayment penalty is limited to the first 5 years and is waived in the event of a third party sale.
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