Progress Capital Advisors arranged a $10,000,000 refinance of two community retail centers. Kathy Anderson structured the transaction and closed the deal at 4% Fixed for 15 years based on a 15 year amortization.
The first property is located in Quakertown, PA. The 83,000 sf leasable shopping center also includes a PAD site improved by a bank branch building plus another PAD site suitable for future development.
This second property is a 45,000 sf retail strip with one available PAD site and is located in Old Bridge, NJ.
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.