PROGRESS CAPITAL | South River, NJ – $930,000
18871
portfolio_page-template-default,single,single-portfolio_page,postid-18871,ajax_fade,page_not_loaded,,qode-child-theme-ver-1.0.0,qode-theme-ver-2.7,wpb-js-composer js-comp-ver-5.4.7,vc_responsive

South River, NJ – $930,000

Category
Bridge Loan, Direct Funded
About This Project

$930,000 Bridge Loan Secured for Pillars Prep Academy

 

34 Charles Street, South River, NJ –¬†Kathy Anderson, Founding Partner of Progress Capital secured a $930,000 bridge loan for a 58,000 SF building currently occupied by Pillars Prep Academy. The loan proceeds will be used to complete renovations and acquire furnishings for a dormitory at the school. Kathy negotiated a loan term of fifteen (15) months with a fixed annual rate of twelve (12%) percent interest-only.

 

Progress Capital is a leading Commercial Mortgage Banking firm specializing in arranging debt for commercial real estate owners and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and deployed over $150 Million through their direct lending platform.

 

We Get You to the Closing Table- Plain and Simple-#thatsPROGRESS