Company History

Pro-Gressive Mortgage is a commercial mortgage banking firm that specializes in financing and investment quality real estate while providing a variety of other financial and consulting services to the real estate industry. They focus on the placement of commercial mortgage financing for industrial, office, flex, retail, apartments, nursing homes, mobile home parks and other types of income producing properties. Their primary trade area encompasses central and Eastern Pennsylvania and Southern New Jersey. Special situations have involved projects in Delaware, Maryland, Florida, Virginia, Nevada and the Virgin Islands.

Pro-Gressive, founded in 1972, was acquired by U.S. Realty Capital Company in 2007.The Firm's members are highly experienced in the disciplines of financing, appraising, development, management and leasing income producing real estate. Pro-Gressive was a pioneer in the credit enhancement of commercial mortgage backed securities. The company has placed well in excess of $1 billion of mortgage and bond financing since its inception and currently services over $200 million in mortgage loans for four of its institutional clients.

Generally, Pro-Gressive limits its activities within its primary trade area benefiting both borrowers and lenders by offering superior and often intimate market knowledge. Loan sizes typically range from $1,000,000 to $60,000,000 with emphasis on the $1,500,000 - $35,000,000 transaction.

Pro-Gressive has correspondent relationships with insurance companies and is an exclusive correspondent for Thrivent Financial for Lutherans (formerly Aid Association for Lutherans), The Great-West Canada Life group of companies, the Shenandoah Life Company, and The Independent Order of Foresters.  Thrivent is now a $65 billion company with a $6.0 billion real estate mortgage portfolio, and is the largest fraternal benefits company in America. Pro-Gressive's lending relationships also include established relationships with other insurance companies, pension funds, credit companies, banks, R.E.I.T.'s, conduits, CMBS public debt underwriters and private equity capital sources.

Financing structures utilized include first and second mortgages, mezzanine loans, immediate and future commitments, joint ventures, participating mortgages, standby commitments, and credit enhancements (securitization) for placement of conventional or tax free financing in the public debt markets as investment quality, commercial mortgage backed securities.

The Firm's deep experience as lenders, borrowers, appraisers, developers, consultants and brokers allows them a unique understanding of the many varied aspects of a transaction and benefits their clients.