Brooklyn & Hempstead - JLJ CAPITAL

BROOKLYN & HEMPSTEAD

LOAN AMOUNT

$20,000,000

Lending Programs - Retail
BROOKLYN, NY
HEMPSTEAD, NY
Lending Programs - Mezzanine Loan
MEZZANINE LOAN
Lending Programs - Multi-Family
MULTI-FAMILY

THE PROJECT

One of the largest real estate and management firms in NYC was seeking to refinance and rapidly expand their portfolio within Ohio and NY. We were able to provide them with a $20,000,000 short term loan secured against their mutli-family assets.

BORROWER CREDENTIAL

The borrower owns one of the largest Real Estate Owner and Management firms headquartered in NYC with approximately 20,000 residential/ commercial units located primarily in New York, New Jersey, Florida, Arizona and Texas with additional properties nationwide.

The borrower has closed millions of dollars of deals annually, focusing on off-market properties, real estate notes, and foreclosures. In addition, he has also invested in other companies in all aspects of the real estate industry as well as mantaining a portfolio including ownership and investments in other industries such as Solar Energy, Supermarkets, Technology, Medical, Hotels and Tourist Attractions.

TRANSACTION KEY TERMS

Closing Date August 2017

Loan Type Refinance

Loan Amount $20,000,000

Term 6 Months *Two 3-Month Extension Options

Location Brooklyn & Hempstead, NY

Property Type Multi-Family

SITE SIZE 289,988 sq ft

EXPLORE JLJ CAPITAL MEZZANINE LOAN TRANSACTIONS

BROOKLYN & HEMPSTEAD

BROOKLYN & HEMPSTEAD

$20.0 MM

EXPLORE JLJ CAPITAL'S LENDING PROGRAMS

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