This loan was for the development of 3 residential apartment buildings totaling 72 units. Mi Place at West Rancocas is a community of luxury apartments with extensive preferred amenities. The construction loan was for 24 months based on Prime. Upon stabilization, the loan will convert to a permanent mortgage.
Progress Capital Advisors’ loan programs include Construction, Fixed Rate Loans and Specialty Financing, as well as Directly Funded Bridge Loans. With over $40 Billion in closed loans and $150 Million in direct lending, we will get you to the closing…plain and simple…#thatsPROGRESS