Atlantic City - JLJ CAPITAL

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 PROJECT

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 CREDENTIAL

Borrower has 15+ years of experience in real estate with a portfolio of over 2,500 residential and commercial units.

TRANSACTION KEY TERMS

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 SMALL BALANCE LOANS

ATLANTIC CITY

ATLANTIC CITY

$2.6 MM

HAMILTON

HAMILTON

$5.4 MM

EXPLORE JLJ CAPITAL'S LENDING PROGRAMS

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