North Williamsburg - JLJ CAPITAL

NORTH WILLIAMSBURG

LOAN AMOUNT

$38,000,000

Lending Programs - Retail
BROOKLYN, NY

Lending Solutions - Bride Lending
BRIDGE LENDING
Lending Programs - Office Space
OFFICE SPACE

THE PROJECT

The Borrower was seeking to refinance an existing 3-story, elevatored mixed-used (office/retail) building that’s currently being gut-renovated located in North Williamsburg, Brooklyn. The Property is a well-positioned in a high-traffic, densely populated commercial area in North Williamsburg right near the East River, with 3/5 leases in place at the time of the transaction.

BORROWER CREDENTIAL

Borrower has 20+ years of experience in real estate with a large portfolio of stabilized assets and several projects under construction.

TRANSACTION KEY TERMS

Closing Date Febrary 2019

Loan Type Senior Mortgage

Loan Amount $38,000,000

Term 12 Months *6-Month Extension Option

Location Brooklyn, NY

Property Type Office/Retail Conversion

Gross Square Footage 41,177 sq ft +11,230 sq ft Basement

NORTH WILLIAMSBURG IN THE PRESS

EXPLORE JLJ CAPITAL BRIDGE LENDING TRANSACTIONS

EDGEWATER

EDGEWATER

$16.5 MM

PROSPECT LEFFERTS GARDEN

PROSPECT LEFFERTS GARDEN

$7.4 MM

RIVERSIDE

RIVERSIDE

$4.1 MM

WESTWOOD

WESTWOOD

$2.2 MM

WESTVILLE & CLEMENTON

WESTVILLE & CLEMENTON

$8.0 MM

FAIR LAWN

FAIR LAWN

$5.6 MM

BEXAR COUNTY

BEXAR COUNTY

$3.0 MM

NORTH  WILLIAMSBURG

NORTH WILLIAMSBURG

$38.0 MM

RARITAN

RARITAN

$9.8 MM

EAST  WILLIAMSBURG

EAST WILLIAMSBURG

$7.5 MM

EXPLORE JLJ CAPITAL'S LENDING PROGRAMS

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