PROGRESS CAPITAL | The Bronx, NY – $1,750,000
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The Bronx, NY – $1,750,000

About This Project

The Bronx, NY


Progress Capital arranged this Non-Recourse loan secured by a 22 residential apartment building in The Bronx.  The sellers requested a modified prepayment penalty in the event of a sale and progress was able to arrange a prepayment of 3%-2%-1%  in first 3 years with no penalty thereafter.  As well as secure a waiver of the prepayment penalty during the first 3 years  in the event of a 3rd party sale.  The loan is for a term of 15 years  with a 30 year amortization.


Progress Capital Advisors’ loan programs include Construction, Fixed Rate Loans and Specialty Financing, as well as Directly Funded Bridge Loans. With over $40 Billion in closed loans and $150 Million in direct lending, we will get you to the closing…plain and simple#thatsPROGRESS