WESTWOOD
LOAN AMOUNT
$2,200,000
WESTWOOD, NJ
BRIDGE LENDING
OFFICE SPACE
The Borrower was seeking to refinance an existing loan of $1mm and to fund TI, building improvements, and leasing commissions for an office building in Westwood, New Jersey. The borrower intends to take out the JLJ loan with conventional bank financing upon stabilization.
Borrower has over 40 years of experience in the acquisition of residential and commercial investment properties in the Manhattan, New York City market.
Closing Date June 2019
Loan Type Bridge Loan
Loan Amount $2,200,000
Term 12 Months *Two Potential One-Year Extensions
Location Westwood, NJ
Property Type Office Space
Gross Square Footage 31,384 sq ft
EXPLORE JLJ CAPITAL'S LENDING PROGRAMS
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