SMALL BALANCE LOAN
The Borrower was seeking to refinance their three, 3-story walk-up multi-family building for repositioning purpose in Hamilton, New Jersey. JLJ loan was taken out by the borrower securing additional financing.
Borrower has been in the real estate industry for over 15 years. With a focus on long-term ownership and high-quality multi-family assets in economically strong markets, and a current portfolio of over 2,500 residential and commercial units, the borrower has been one of the most active buyers in the New Jersey-Delaware housing market over the past ten years. He has done multiple transactions with JLJ Capital.