PROGRESS CAPITAL | Red Bank – $3,400,000
13447
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Red Bank – $3,400,000

Category
Retail
About This Project

Red Bank, NJ

Progress Capital arranged a loan for Twin Lights Holdings, LLC which owns the property that is tenanted by the Atlantic Club in Red Bank, NJ.  Progress arranged a 25 year term loan based on a  25 year amortization.  The rate was fixed for the first 10 years and then reset for the succeeding 10 and 5 years thereafter.  The prepayment penalty was negotiated  to 3%-2%-1%-0%.