The strategy focuses on opportunities. Distressed real estate investing has been a key focus for Progressive Global Network since the inception of the firm. Morais Dicks who is the main Principal of Progressive Global Network is a 15 year real estate veteran and spearheads the efforts of the firm in the real estate sector.
The firm’s strategy is primarily unlevered and targets the acquisition of distressed real estate acquisitions. Utilizing proprietary sourcing capabilities and sometimes working with local operating partners, the team seeks opportunities in which real estate can be purchased at a significant discount to its collateral value by identifying attractively priced properties.
Transactions are often originated from regional banks and non-bank lenders and typically not otherwise able to be refinanced in a conventional manner. Progressive Global Network has the ability to diligence and close transactions quickly, combined with a strong industry reputation for integrity makes the firm a preferred counterparty for sellers that need certainty of execution.
The Progressive Global Network team focuses on capital protection by conducting thorough fundamental analysis, applying conservative valuation metrics and applying strict risk management. Progressive Global Network actively invests in opportunities with strict risk management and often passes the savings down to our client, the first time home buyers market.