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Progress Capital Arranges $14 Million Commercial Loan for Jersey City Multifamily Property

Kathy Anderson, Founding Partner at Progress Capital secured $14,000,000 in refinancing for the property located at 253 Academy Street, Jersey City, NJ, owned by Pointe Developers, LLC. Challenges Building is newly constructed and not fully stabilized Construction loan was maturing Rising interest rate environment Solutions Bank agreed to fund based on leases. ....

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