JEWEL CAPITAL ARRANGES $14,750,000 ACQUISITION LOAN IN FLUSHING, NY
JEWEL CAPITAL, a boutique commercial real estate finance and advisory firm, has arranged a $14,750,000 cash-out refinance loan secured by a one-story commercial building located in Flushing, New York. With a competitive interest rate fixed at 3.81%, this loan at 74.87% LTV was used to pay off existing mortgage of the subject property and to invest on other properties. In addition, the loan has a 10-year term with a 5-year reset on 25 year amortization. The loan was arranged b
JEWEL CAPITAL ARRANGES $1,000,000 BRIDGE LOAN IN ELMHURST, NY
JEWEL CAPITAL, a boutique commercial real estate finance and advisory firm, has arranged a $1,000,000 bridge loan secured by a multi-family rental buidling located in Elmhurst, Queens, NY. With a competitive interest rate at 7.5% (lowest in the bridge loan market), this bridge loan was for pulling equity to purchase a development site in Woodside, Queens. This one-year bridge loan will eventually be replaced by a cash-out refinance bank loan. In addition, Jewel Capital succes
