Progress Direct

Fast and flexible CRE Bridge Loans customized to your specific financial needs.

We leverage both our expertise and knowledge to help you bridge the capital gap.

Bridge Financing is useful in a variety of circumstances for short term capital where a traditional lender would not be ideal. These scenarios include but not limited to the following:

  • Acquiring foreclosed property at auction
  • Construction capital for repositioning a property that is currently underperforming
  • New construction project development costs
  • Land acquisitions for proposed development
  • New Construction
  • Partner buy-out
  • Any scenario in which permanent financing is unavailable
SUMMARY OF BRIDGE FINANCING TERMS
Lending Area NY, NJ, PA, CT
Property Type: All Properties
Loan Amount: $1-$20 million
Loan-to-Value Up to 75%
Interest Rate Starting at 10%
Amortization Interest Only
Origination Fee 2-4%
EXPENSE DEPOSIT $10,000-$40,000 (third party professional fees)
Prepayment Flexible
Recourse Non-Recourse Possible on Income Producing Properties
Closing Two Weeks Possible

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