Boles of Progress Capital arranges $9.4 million loan for acquisition of portfolio in southern markets

Various Locations, USA Caillin Boles of Progress Capital secured $9.4 million in acquisition financing for a New York-based investment firm to purchase a real estate portfolio consisting of four commercial properties positioned in North Carolina, Tennessee, Oklahoma, and Florida.

By working closely with all parties involved, Caillin accomplished an efficient closing experience.

Loan terms include:

• $9,400,000 Loan Amount
• 3.40% Fixed for 10-Years
• 25-Year Amortization
• Non-Recourse

Each and every market comes with its own unique risks and challenges. While the south is more highly impacted by tornadoes and hurricanes each year, the north almost always has the guarantee of snow and cold-weather issues that the south typically does not.