A high-net worth client reached out to Bill to expand his commercial real estate portfolio.
• Acquisition Amount: $1,800,000
• Loan Amount: $1,350,000
• Loan to Value: 75%
• Amortization: 25 years – 10.5% annual ROI
Bill was able to locate an Advanced Auto Parts and negotiate the acquisition for his client’s STNL Portfolio. The store exceeds national sales averages, has 6+ years on the initial term and three 6 year extensions.
Progress Capital 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 $150 Million in bridge and direct lending, we will get you to the closing table … plain and simple.