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ATLANTIC CITY

LOAN AMOUNT

$2,600,000

Lending Programs - New Jersey
ATLANTIC CITY, NJ

Lending Programs - Small Balance Loan
SMALL BALANCE
Lending Programs - Multi-Family
MULTI-FAMILY

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)

ATLANTIC CITY

ATLANTIC CITY

$2.6 MM

BELLEVUE WOODBURY

BELLEVUE WOODBURY

$154,000

HAMILTON

HAMILTON

$5.4 MM

EXPLORE JLJ CAPITAL'S LENDING PROGRAMS