PROGRESS CAPITAL | South Plainfield – $2,500,000
13732
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South Plainfield – $2,500,000

Category
Retail
About This Project

South Plainfield

Progress Capital arranged a 7-year fixed rate loans at 3.75% on a 16,807 sf retail pharmacy building sub-leased to CVS. The borrower will use proceeds of the loan to pay-off the outstanding balance of the current mortgage loan on the property, as well as pay pre-payment penalties and associated closing costs.  The remainder represents a recovery of available equity which the principals will use to fund future real estate related opportunities.