What is Progress Capital?
Progress Capital specializes in arranging debt financing for property owners and developers, with a substantial track record of over $40 billion in closed loans and $150 million in funded bridge loans. Established in 1990, the company has built a strong presence in New Jersey and New York, focusing on efficient communication and closing capabilities to deliver tailored financing solutions. Their expertise spans a diverse range of property types, including office, retail, and multifamily, positioning them as a key facilitator for commercial real estate projects.
How much funding has Progress Capital raised?
Progress Capital has raised a total of $3.4M across 3 funding rounds:
Debt
$3M
Debt
$150K
Debt
$255K
Debt (2017): $3M, investors not publicly disclosed
Debt (2020): $150K led by PPP
Debt (2021): $255K supported by PPP
Key Investors in Progress Capital
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Progress Capital?
The recent major strategic investment indicates Progress Capital's readiness to scale its operations and potentially expand its service offerings or geographic reach. This capital infusion is likely to bolster their capacity to handle larger deal volumes and enhance their competitive edge in arranging debt for a broad spectrum of commercial real estate ventures. The company's established history and focus on client results suggest a strategic deployment of these new resources to further solidify its market position and pursue new growth opportunities.
See full Progress Capital company page
