Progress Direct funded a $3,750,000 bridge loan secured by a 29 unit Chelsea apartment building and closed in 10 business days from term sheet to closing table.
Domenico suggested using a bridge loan funded by Progress Direct, a division of Progress Capital Advisors. This allowed our client to pay off the matured loan and preserve her credit repayment history without any defaults.
Key terms of the bridge loan funded by Progress Direct include:
Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners and residential developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million. We will get you to the closing table … plain and simple. #thatsPROGRESS