Small Balance Loan Program for Real Estate - JLJ CAPITAL

SMALL BALANCE LOAN

JLJ Capital provides alternative financing solutions for bridge-lending, acquisitions, ground-up construction, short-term refinancing, mezzanine, mortgage takeout, partner buyout, etc.

JLJ offers financing for commercial projects and other real estate opportunities based on an evaluation of the borrower or broker’s business proposal/project summary, including a general valuation of the real estate. Interest rates will be determined on a case-by-case basis, based on risk.

Bridge Bridge
LOAN TYPE Small Balance Program
LOAN AMOUNT $1,000,000 - $10,000,000
TERM 1 - 24 months with extension options
INTEREST RATE LIBOR plus 5.5% - 8%
8% fixed and up
LOAN TO VALUE Up to 80%
LOAN TO COST Up to 80%
PROPERTY COST Multifamily apartment buildings (Typically Class A or B and possibly C with Rehab advance); Mixed use with no greater than 50% commercial space; Condominium buildings on a case-by-case basis.
ORIGINATION FEE 1% - 3%
RECOURSE Full recourse or potentially limited recourse to borrower.
APPLICATION FEE $5,000 for loans under $5MM
$10,000 for loans $5MM and up
CLOSING TIMELINE 2 - 5 weeks
GEOGRAPHICAL FOCUS Northeast, Southeast, Colorado, TX
USE OF PROCEEDS Acquisition, restructuring, discounted payoffs, purchase of notes, property improvements, partner buy-outs, recapitilazations, construction, conversions, pay-down of other debts and taxes.

EXPLORE JLJ CAPITAL SMALL BALANCE LOANS

ATLANTIC CITY

ATLANTIC CITY

$2.6 MM

HAMILTON

HAMILTON

$5.4 MM

EXPLORE JLJ CAPITAL'S LENDING PROGRAMS

Scroll to Top