BRIDGING SHORT-TERM NEEDS

JLJ Capital targets the niche short-term lending area where commercial banks have many restrictions. JLJ Capital’s goal is to meet the needs of bankable developers and owners that can’t be fulfilled by traditional lenders within a short time frame.

LOAN TYPE

Real Estate Loan; Construction Loan

amount offered

Min: $500,000
Max: $30,000,000 without a participant; $50,000,000 with
a participant

LTV

Based on the lesser of ASIS or Purchase Price

interest rate (1)

6% – 15%

term (2)

1 – 36 months

Interest-only Period

24 months

Asset Type (3)

All commercial real estate with an emphasis
on Multi-Family properties

Borrower Requirements

– Full PG’s
“Good Guy” clause –
JLJ would consider a limited guarantee based on LTV
– One of guarantors with at least 5 years of experience,
preferably 10 years

(1) JLJ will try to charge two points upfront and an application fee of $5,000
(2) Extension options are generally for either 3 months or 6 months with a 1% fee or a 2% rate increase.
(3) JLJ would also consider lending on REO with first-lien mortgages

NOW LET’S GET STARTED