ATLANTIC CITY
LOAN AMOUNT
$2,600,000
ATLANTIC CITY, NJ
SMALL BALANCE
MULTI-FAMILY
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The Borrower was seeking a loan for the refinance and continued renovation of a three-story apartment building containing 32 residential units located in Atlantic City NJ. The borrower intends to take out the JLJ loan with conventional bank financing once the property is fully stabilized after renovation.
Borrower has 15+ years of experience in real estate with a portfolio of over 2,500 residential and commercial units.
Closing Date April 2019
Loan Type Refinance & Light Reposition
Loan Amount $2,600,000
Term 12 Months *6-Month Extension Option
Location Atlantic City, NJ
Property Type Multi-Family
SITE SIZE 21,400 sq ft (building) .15 Acres (property)
EXPLORE JLJ CAPITAL'S LENDING PROGRAMS
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