JEWEL CAPITAL ARRANGES $1,445,000 SBA 7(a) LOAN IN FLUSHING, NY
JEWEL CAPITAL, a boutique commercial real estate finance and advisory firm, has recently arranged a $1,445,000 SBA 7(a) loan secured by two commercial condominium units within a new 6-story mixed-use condominium building located in Flushing, NY. With a high LTV at 87.6% and a competetive interest rate at 4.25%, this SBA loan was to purchase the subject property for $1.65 million and was closed within 60 days. The Borrower is an experienced doctor and owns two clinics in NYC.
