Falls Church NEW - JLJ CAPITAL

FALLS CHURCH, VA

LOAN AMOUNT

$12,750,000

BRIDGE LENDING
OFFICE SPACE
FALLS CHURCH, VA

THE PROJECT

One of the pioneer real estate investment firms in NYC specializing in buying distressed loans and repositioning assets was seeking bridge financing for a 315,280 sf, 9-story, 40% occupied suburban office as part of an all-cash portfolio acquisition out of a CMBS distress sale to fund accretive CapEx and leasing costs and adjust equity basis. 

BORROWER CREDENTIAL

Sponsor is the founding principal of a NYC based commercial real estate investment platform driven by the passion for revitalizing the urban cores of America’s secondary and tertiary cities with a focus on opportunistic and adaptive reuse.

The company identifies value-add and opportunistic real estate that caters to the Millennial workforce and a modern vision of urban America. Since inception in 2014, the Company has acquired $2 billion of real estate totaling approximately 16 million square feet across 49 unique markets.

TRANSACTION KEY TERMS

Closing Date January 2021

Loan Type Value-Add Bridge

Loan Amount $12,750,000

Term 24 Months +One 12 Month Extension Option

Location Falls Church, VA

Property Type Office Space

SITE SIZE 315,280 sq ft

EXPLORE JLJ CAPITAL BRIDGE LENDING TRANSACTIONS

WESTWOOD

WESTWOOD

$2.2 MM

NORTH  WILLIAMSBURG

NORTH WILLIAMSBURG

$38.0 MM

EDGEWATER

EDGEWATER

$16.5 MM

FALLS CHURCH

FALLS CHURCH

$12.7 MM

BEXAR COUNTY

BEXAR COUNTY

$3.0 MM

RARITAN

RARITAN

$9.8 MM

PROSPECT LEFFERTS GARDEN

PROSPECT LEFFERTS GARDEN

$7.4 MM

RIVERSIDE

RIVERSIDE

$4.1 MM

FAIR LAWN

FAIR LAWN

$5.6 MM

WESTVILLE & CLEMENTON

WESTVILLE & CLEMENTON

$8.0 MM

EAST  WILLIAMSBURG

EAST WILLIAMSBURG

$7.5 MM

LENDING PROGRAMS

JLJ Capital provides alternative financing solutions for bridge-lending, acquisitions, ground-up construction, short-term refinancing, mezzanine loans, mortgage takeout, partner buyout, preferred equity opportunities, residential fix and flip, and other real estate projects.

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