Kathy Anderson of Progress Capital Secures $10M in Acquisition of Brick, NJ Mixed Use Property
By: Jerald Development Group
Kathy worked with Lakeland Bank to provide the following key terms:
• 4.60% Fixed for 7 Years
• 30 Year Amortization
• Equity Recapture
• SWAP breakage
The proceeds of the loan will be used to retire the existing debt and provide significant cash-out of vested equity that will be used to fuel a continued expansion of the borrower's real estate investment portfolio.
Progress Capital is a leading Commercial Mortgage Brokerage Firm specializing in arranging debt for commercial real estate owners, operators and developers. Since 1990, Progress has successfully closed in excess of $40 Billion in commercial loans and directly funded over $150 Million.
We get you to the closing table – plain and simple – #thatsPROGRESS
Contact Kathy Anderson | 908-601-4891 | email@example.com
Kim Bruno, Marketing Director at Progress Capital
Page Updated Last on: Jan 16, 2019