JLJ Capital provides alternative financing solutions for bridge-lending, acquisitions, ground-up construction, short-term refinancing, mezzanine, mortgage takeout, partner buyout, etc.
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.
JLJ offers financing for commercial projects and other real estate opportunities based on an evaluation of the borrower or broker’s business proposal/project summary, including a general valuation of the real estate.
Interest rates will be determined on a case-by-case basis, based on risk.
| Bridge | Bridge |
|---|---|
| LOAN TYPE | Bridge |
| LOAN AMOUNT | $5,000,000 - $80,000,000 |
| TERM | 1 - 24 months with extension options |
| INTEREST RATE | LIBOR plus 5.5% - 9% 8% fixed and up |
| LOAN TO VALUE | Up to 85% |
| LOAN TO COST | Up to 85% |
| PROPERTY COST | All types of property are considered - multi-family residences; single-family; condominiums; office and mixed-use buildings; retail, warehouse, and industrial spaces; undeveloped land; shopping centers; homes (non-owner occupied, including rehab/flip opportunities). |
| ORIGINATION FEE | 1% - 3% |
| RECOURSE | Full recourse or potentially limited recourse to borrower. |
| APPLICATION FEE | $5,000 for loans under $5MM $10,000 for loans $5MM and up |
| CLOSING TIMELINE | 2 - 5 weeks |
| GEOGRAPHICAL FOCUS | Northeast, Southeast, Colorado, TX |
| USE OF PROCEEDS | Northeast, Southeast, Colorado, TXAcquisition, restructuring, discounted payoffs, purchase of notes, property improvements, partner buy-outs, recapitilazations, construction, conversions, pay-down of other debts and taxes. |
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