Friday, May 30, 2014

Kathy Anderson arranges financing on Windsor Plaza and is named one of the
 TOP FINANCIAL DEALS OF 2013

Click here >> Read Article

Click here >> Read Article

Progress Capital has been voted as one of the BEST PLACES TO WORK

www.ProgressRealtyAdvisors.com
 
Visit our website at PROGRESSCAPITALADVISORS.com
 

Friday, May 16, 2014

5 Things You Can Do on Friday to Make Monday Awesome

 

Instead of just waiting for the work week to end, use those few hours and these tips to make next week start out fantastic.


1. Set up some exciting contacts. Spend the afternoon emailing new prospects or perhaps mentors.  Set up a lunch for next week that makes you anticipate good things to come.  People may be slow to reply since its Friday afternoon, but in the worst case you'll come back Monday to some positive responses.

2. Organize the week. Go through next week's calendar and plan out the entire week. Set reminder alarms on your computer or smartphone calendar.  Include all meetings, deadlines, and "to-do" items. Lay out a specific task list with apportioned hours. You'll clear your mind of that nagging feeling that you forgot something and have a truly relaxing weekend, leaving you happier on Monday.

3. Get one thing off your desk. Fridays are the time when it's most tempting to look at projects and tasks and say, "Oh, I'll just pick it back up Monday." So choose one of your ongoing projects and commit to getting it done before you leave. The satisfaction of accomplishment may even motivate you to do more today. And next Monday, you'll have the relief of knowing that task won't be on your desk to taunt you.

4. Shake up your routine. Reflect for a few moments on your usual weekly routine. Make a list of your typical distractions, the habits and stressors that keep you from starting the workweek with a bang. This can be anything from "chatting about the weekend over coffee with officemates" to "reading the accumulated junk e-mail on my laptop" or "hiding from my annoying boss or colleague." Make a list, and then write down what you will do instead. Create a new routine that's uplifting and energizing. Put it where you will see it first thing Monday morning.

5. End the week on a high.  Show your appreciation.  Pick someone in your office that has been extra helpful this week, done a fantastic job on a project, gone above and beyond, or been everyone's ray of sunshine.  Make sure you let them know how much you appreciate their efforts.

 
 

Monday, March 31, 2014



Attention:  Co-op Boards
 
Fast Track Early Rate Lock Program Available
  • NYC five boroughs
  • Pricing from 89-95 basis points over 10 Years Treasury
  • Full term I/O available (only 3 basis points add on)
  • Par pricing
  • Up to 12 months forward lock available;  60 day forward no cost
  • Application cost included in spread
  • Good Faith rate lock deposit is 1%
If the Co-op Board is facing a pending maturity of an existing loan over the next year, this programs allows the Board to lock-in a rate for up to 12 months.  The program, also allows up to 10 years of interest only payments if this is of interest to the Board.

For more information contact our office and speak to a loan specialist.






 
 

Tuesday, March 25, 2014



Not all companies are created equal when it comes to the acceptance of dogs in the workplace.  That's certainly not the case with Kathy Anderson, President and Founder of Progress Capital Advisors.  She brings her black Pomeranian, "Jake" to work as often as she can.  The fact remains that some readily welcome your best friend while others have not yet realized the benefits of allowing dogs.
  
Some benefits of bringing your dog to work are: 

- Dogs are frequently recognized as great stress-relievers.

- Often times it is a great ice breaker when a new client comes to the office. Everyone loves talking about their pet.

- What better way to make yourself take a break and clear your head then to take your dog for a short walk. It is proven that frequent short breaks increases productivity.

- A survey of 50 businesses across the US revealed that those with pets had lower absentee rates and employees were more willing to work overtime.


As for Progress, the whole office has adopted Jake and everyone looks after him.  Our clients enjoy seeing Jake and often ask about him.  Since Kathy started bringing Jake to work, we have noticed several other companies in our building have become pet friendly, so it seems like the idea is catching on.






Thursday, February 20, 2014

Why Use A Commercial Mortgage Broker?




If you have ever thought about financing a commercial real estate property, the thought of using a commercial mortgage broker may have crossed your mind.  However, if you are like some people, you may have debated using a commercial mortgage broker based on the belief that it is more expensive to use a broker rather than go directly to a lender. This common belief is a myth.

The reality is that there are a number of ways in which you can save money by engaging a mortgage broker to provide assistance with your commercial real estate financing needs and objectives.  If you take the time to determine the value of using a commercial mortgage broker, you will surely see that it is money well spent.

Locating a Lender  Locating a lender to fund your commercial mortgage is not as easy as it may seem.  Due to the wide range of property types, loan types and special circumstances, a single lender simply cannot offer loan programs for all potential loans.  You may waste a considerable amount of time simply trying to find a lender that offers the program you need.  A qualified and experienced mortgage broker will have multiple lender relationships in place who can offer a wide range of lending options.  Some brokers may even have relationships in place that give you access to hundreds of other lenders offering an unbelievable amount of loan options.

Risks in working with a Single Lender  You may spend the time and locate a single lender that can meet your needs, but you are not out of the woods yet.  By working with a single lender or bank you are putting all your eggs in one basket.  The approval process can take a good deal of time that you may not have.  Then what happens if the loan application is not approved by that lender?  Can you afford to go through the process a second time risking a similar outcome?  By working with a broker, your loan application can be submitted to multiple lenders.  This not only increases the chances that your loan will be funded, but it also gives you and your broker more bargaining power to get the best deal.

Cost Variations between Lenders  One of the most significant ways in which you can save money by using the services of a commercial mortgage broker rests in the fact that there can be notable differences in the interest rates, costs and other fees charged from one lender to the next.  A broker will help you in identifying the most reasonably priced options available from these different mortgage lenders.  On first blush, the cost differences from one lender to another may seem small. But remember, in most instances we are talking about loans in the millions of dollars.  Even if the interest rate difference is minimal on the surface, over time this can add up to a significant amount of money.  Active commercial mortgage brokers are often times provided special rate options based on the volume of business they bring to a lender and this rate savings is passed along to the borrower.

Support Services  Another avenue through which a commercial mortgage broker can help you save money is through their existing relationships with other industry professionals.  A good commercial mortgage broker has a preassembled network of professionals including appraisers, accountants, lawyers and other service providers that they work with on a regular basis.  Not only do you not have to spend the time to find these required resources on your own, but often times you can get a reduced rate on the services due to the brokers existing relationship.  Furthermore, a good commercial mortgage broker will have a staff of professionals to see the loan through to the closing.  Securing a commitment is half the battle.  It takes a village to get to the closing efficiently.

Fees of Commercial Mortgage Brokers  It is true that in the end, you do pay a fee for utilizing the services of a commercial mortgage broker.  However, you will find, as many commercial investors have in the past, that working with a commercial mortgage broker will help ensure that your needs are met and that you get the best deal in the process.  The bottom line is that what you are paying for is a professional on your side, someone to watch out for your best interests.  Similar to the way a lawyer protects your interests in legal matters.  You wouldn't go to court without a lawyer, so don't finance your commercial mortgage without a broker.

A professional commercial mortgage broker will have solid relationships with numerous lenders and will immediately match you up with the best lender based on your needs.  Whether you are in need of a construction loan, long term fixed rate loan or bridge loan, a qualified broker will be able to provide guidance in choosing the best lending source.   If timing is an issue, the broker will be able to leverage their long term relationship with the lender to garner “express” processing of your request.  Everyone needs an advocate at times – a commercial mortgage broker is your advocate in navigating the commercial lending marketplace.