A longtime client reached out to Progress Capital Advisor’s Brad Domenico to finance a purchase of three NNN lease Dollar Tree and Dollar General properties. The borrower has over twenty years of experience in acquisitions, construction, asset repositioning and development across a broad spectrum of property types. The $3.9 Million loan has a 10-year fixed rate of 3.97% based on a 30-year amortization. Brad worked closely with all parties involved in order to ensure a 30-day closing and accommodate a 1031 exchange deadline.
Progress Capital’s 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 $100 Million in bridge and direct lending, we will get you to the closing table … plain and simple.