Loan Programs

Offered through our direct lending platform, FinLend 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.

FinLend 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 DAYS, not weeks or months!

DSCR (Debt Service Coverage Ratio) loans are specialized financing options primarily used in commercial real estate and investment properties. These loans focus on the property's ability to generate sufficient income to cover its debt payments, rather than relying solely on the borrower's personal income. DSCR loans provide real estate investors with a flexible and tailored financing solution that assesses the property's cash flow, making them particularly valuable for income-producing properties and projects.

Commercial loans are financial products designed to support businesses in various ways, including financing property acquisitions, expansion, or working capital needs. They typically offer more significant loan amounts and longer repayment terms compared to personal loans. Commercial loans can take several forms, such as real estate loans, equipment financing, or lines of credit, each tailored to the specific financial requirements and goals of the business.

USDA (United States Department of Agriculture) loans are government-backed mortgage loans that primarily aim to promote homeownership in rural and suburban areas. These loans offer benefits such as zero down payment requirements, competitive interest rates, and more flexible credit criteria, making them an affordable option for low to moderate-income individuals and families in eligible locations. USDA loans are often referred to as Rural Development loans and provide a pathway to homeownership for those who meet the program's income and location requirements.

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.

Reverse mortgage loans, also known as reverse equity loans, are only available to homeowners 62 or older. Like its name indicates, this program pays the homeowner either a one-time large payout or monthly installment. Once the loan term expires the house either becomes the property of the lender or the house can be sold to repay the debt. Reverse mortgage loans are great options for seniors looking to increase their monthly income while remaining in their homes. Contact us for more details.

Fixed rate commercial mortgages have a fixed interest rate and payment for the full term of the loan. These loans are structured with fixed rates from 5, 10 and even 30 years and is the most commonly used financial tool for owning real estate. The loan product makes it easier to budget, especially over the long term, and it offers stability across an ever-fluctuating market.

Commercial mortgage-backed securities (CMBS) are fixed-income investment products that are backed by mortgages on commercial properties rather than residential real estate. They can provide liquidity to real estate investors and commercial lenders alike.

Non-QM (Non-Qualified Mortgage) loans are mortgage products that do not conform to the strict guidelines set by government-sponsored entities like Fannie Mae and Freddie Mac. These loans are typically designed for borrowers who may not meet traditional lending criteria, such as those with non-traditional income sources or credit issues. Non-QM loans offer flexibility in underwriting, making homeownership accessible to a broader range of individuals and providing options beyond standard conventional mortgages.

Property Refinance Loans, also known as refinancing, involve replacing an existing mortgage with a new one, typically with different terms or interest rates. Borrowers often pursue refinancing to lower their monthly mortgage payments, reduce their interest rates, or access their properties equity for other financial needs.

Refinance options include rate-and-term refinances, which aim to secure better loan terms, and cash-out refinances, allowing property owners to borrow against their structure's equity. The process usually involves a credit check, property appraisal, and evaluation of the borrower's financial situation to determine eligibility and the potential benefits of refinancing.

Foreign national loans are mortgage loans specifically tailored for individuals who are not U.S. citizens or permanent residents but wish to purchase property in the United States. These loans are designed to provide access to U.S. real estate markets, offering financial options for foreign investors, expatriates, or individuals seeking vacation homes. Lenders typically require a higher down payment and may have more stringent credit and income verification requirements for foreign national borrowers. Foreign national loans can be an excellent way for non-U.S. residents to invest in U.S. real estate and diversify their portfolios.

Mezzanine loans assist in generating more capital for a business in addition to allowing it to increase its returns on equity and show a higher bottom-line profit. They typically do not require payment during the term of debt, only at the end of the term. This enables a company to improve its cash flow. It is the highest-risk form of debt, but it offers some of the highest returns – a typical rate is in the range of 12% to 20% per year.