Bridge Loans from $1,000,000 to $20,000,000 | Close in Two Weeks
Progress Capital offers a direct lending platform for clients who need flexibility for time sensitive and/or uniquely complex transactions. Progress Direct provides fast and flexible CRE Bridge Loans that can be customized to your specific financing needs. We leverage both our expertise and knowledge to help you bridge the capital gap in special situations where conventional financing is not readily available. Offering highly competitive terms and streamlined execution allowing you to close
IN AS LITTLE AS TWO WEEKS!
This specialty financing is generally more expensive than conventional sources, but is often used to secure a property quickly during a distressed sale, to take advantage of a discounted payoff with an existing lender or as interim financing during a property repositioning. It has also been useful for transitioning and/or renovating a building into condominiums for sale.
Properties are secured with a first mortgage, but there have been circumstances where mezzanine financing is provided or partnership shares are transferred in lieu of a mortgage.