Falls Church - JLJ CAPITAL

FALLS CHURCH, VA

LOAN AMOUNT

$12,750,000

FALLS CHURCH, VA
Lending Solutions - Bride Lending
BRIDGE LENDING
Lending Programs - Office Space
OFFICE SPACE

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

EXPLORE JLJ CAPITAL'S LENDING PROGRAMS

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