Progress Capital | The Funding Source arranged a $5.2MM refinance for a single-tenant Rite Aid. Kathy Anderson locked in a 15 year fixed rate loan at 4.25% based on a 25 year amortization. My client was very concerned about a rising interest rate environment and insisted upon a 15 year fixed rate.
Progress Capital regularly analyzes their clients’ portfolios and provides advice on whether it makes economic sense to refinance at current low interest rates to ensure the bottom line for years to come. With interest rates at record lows, it is important for all commercial real estate owners to review their rate exposure before the next uptick.
When you have a problem, we have the solution. Progress Capital is a commercial mortgage banking firm specializing in arranging debt for residential developers and real estate owners. Since 1990, Progress Capital has successfully closed in excess of $40 Billion in commercial loans and$100 Million in direct lending. This volume gives us the knowledge and credibility to negotiate the most favorable terms on behalf of our clients. With the support of our in-house underwriting and closing specialists, we manage every detail of the loan process for you.
We will get you to the closing…plain and simple…#thatsPROGRESS