Progress Direct, the direct lending division of Progress Capital Advisors recently funded a $3,750,000 bridge loan secured by a 29 unit Chelsea apartment building. Progress Capital Advisors was able to fund the loan 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 Advisors loan programs include Fixed Rate Loans, Construction and Specialty Financing as well as Directly Funded Bridge Loans. With over $40 Billion in closed loans and $100 Million in bridge and direct lending, we will get you to the closing table … plain and simple. #thatsPROGRESS