JEWEL CAPITAL ARRANGES $3,100,000 BRIDGE LOAN IN NEW YORK CITY, NY
JEWEL CAPITAL, a boutique commercial real estate finance and advisory firm, has arranged a $3,100,000 bridge loan secured by a vacant two-story building located in New York City. This bridge loan was aiming to pay off maturing private loan on this property to buy more time for pre-development process. The subject property was in the stage of finalizing building design and plans. The development site was purchased for $2,480,000 in 2011. The loan was arranged by Samuel W. Li,
