JEWEL CAPITAL ARRANGED $1,950,000 ACQUISITION LOAN IN FLUSHING, NY
JEWEL CAPITAL has arranged a $1,950,000 acquisition loan secured by two office condominium units (the “Property”) located in Flushing, NY. The acquisition loan will be used for the purchase of the Property. Jewel Capital executed the closing with a competitive annual rate at 4.25%. The term of the loan is 30 years over 30-year amortization, with no origination fee. LTV is 70.91%. TOP FEATURES Competitive terms: The term of the loan is 30 years over 30-year amortization. No or
JEWEL CAPITAL ARRANGED $1,940,000 BRIDGE LOAN IN BROOKLYN, NY
JEWEL CAPITAL has arranged a $1,940,000 bridge loan secured by a 3,720 SF 2-family townhouse and a 1,829 SF 2-family townhouse, both located in Brooklyn, NY. The loan was used to fund other real estate investment. Jewel Capital executed the closing quickly with interest rate at 9.00%. The term of the loan is 12 months, no personal guarantee, and no prepayment penalties. LTV was low at 53.15%. TOP FEATURES Blanket Loan: A blanket loan is a type of loan used to fund the purchas
