What We Do

A construction loan is used to fund the construction costs of a real estate project before obtaining long-term funding. As work progresses, the lender pays money out in stages. These loans are typically short term with a maximum of one year and have variable rates that move up and down with the prime rate.

Progress Capital is a leader in arranging construction funding for ground up development of multi-family, office, retail, self-storage and condominiums for sale. We are engaged early in the project, which allows us to provide our expertise to our clients on unique capital needs that will be required throughout the process.

Offered through our direct lending platform, Progress Direct, bridge loans are short-term loans secured by the borrower’s current property to finance the purchase of a new property. They allow users to meet obligations by providing immediate cash flow.

Progress Direct provides fast and flexible CRE Bridge Loans that can be customized to your specific financing needs.  We leverage both our expertise and knowledge to help you bridge the capital gap in special situations where conventional financing is not readily available.  Offering highly competitive terms and streamlined execution allowing you to close IN AS LITTLE AS TWO WEEKS!

Land loans are used to purchase raw land and vacant lots. They differ from traditional property loans because lenders perceive the collateral to be less secure and the loans to be riskier.