Progressive Lending Group provides quick and efficient financing for real estate owners, operators, developers, and builders.

Without the regulatory restrictions as compared to a traditional bank, we are able to customize loans to provide for the most efficient capital for our borrowers. We understand borrower capital needs vary based upon a number of factors that may affect loan structure, rates and fees. 

Property: single-family residential, multi-family, office, retail, medical, mixed-use

Loan Type: acquisition, bridge, construction, business-purpose

Loan Size: $1-20 million

Loan Term: 6-24 months

Extension(s): yes, typically offered for qualified loans

Prepayment: 0-6 months based upon initial term

Interest Rates: starting at 8.99% APR

Fees: 2-4% 

Closing: 7-10 days

Founded in 2000 and Los Angeles-based, Progressive Lending Group ("Progressive Lending") was spun-off by its predecessor company and recapitalized by Promontory Financial, its parent company, to create a best-in-class direct lending platform. Primarily focused on providing short-term loans to non-owner occupied single-family homes, Progressive Lending has positioned its platform as one of the market leaders in the real estate lending space. 

As an alternative capital provider, Progressive Lending is able to provide borrowers a number of quick and efficient financing solutions. As a non-bank regulated entity, we are able to fill the niche for borrowers in need of short-term financing through our loan programs. Without regulatory restrictions, we are able to customize loans to provide for the most efficient capital for our borrowers.