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Progress Capital Secures $2,900,000 for the Acquisition of Triple Net Lease Property in San Antonio
David Cappello negotiated the terms of the loan, securing 4.5% Fixed for 5 Years.
By: Matt Sadler
Cappello negotiated a 10-year term with 25-year amortization and 4.50% fixed for 5 years. This loan represents 66% of the subject property's purchase price. The borrower may pay off the principal balance at any point during the term without any prepayment penalty.
Progress Capital is a Commercial Real Estate Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners and developers of mixed-use, multifamily, construction, industrial, retail, office and commercial storage properties. With an unrivaled network of lending partners and capital market relationships we have arranged over $40 Billion in Transactions and Directly Funded over $150 Million. We get you to the closing table – plain and simple. #thatsPROGRESS
Read More About This Transaction and Other Recently Closed Deals at: