Investment Criteria

Progressive Lending's principals have been real estate investors and lenders for more than forty years. As a result, we are sensitive to borrower expectations and needs. We strive to be able to provide borrowers with quick feedback towards loan requests, having an efficient process for qualified loans, and developing long-term borrower relationships. We believe we are not just in the lending business but in the relationship business as well and are always working to provide the best possible borrower experience. 

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