Riverside - JLJ CAPITAL

RIVERSIDE

LOAN AMOUNT

$4,150,000

Lending Programs - New Jersey
RIVERSIDE, NJ
Lending Solutions - Bride Lending
BRIDGE LENDING
Lending Programs - Multi-Family
MULTI-FAMILY

THE PROJECT

The Borrower was seeking to refinance an existing multi-family property for repositioning purpose in Riverside, New Jersey. JLJ loan will be taken out by permanent financing after rent increases and or a sale of the property.

BORROWER CREDENTIAL

Borrower has been in the real estate industry for over 15 years. With a focus on long-term ownership and high-quality multi-family assets in economically strong markets, and a current portfolio of over 2,500 residential and commercial units, the borrower has been one of the most active buyers in the New Jersey-Delaware housing market over the past ten years. He has done multiple transactions with JLJ Capital.

TRANSACTION KEY TERMS

Closing Date November 2017

Loan Type Light Reposition

Loan Amount $4,100,000

Term 12 Months *One 6-Month Extension Option

Location Riverside, NJ

Property Type Multi-Family

Gross Square Footage 30,000 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

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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