JEWEL CAPITAL NEGOTIATES $1,500,000 CONSTRUCTION LOAN FOR A DEVELOPMENT SITE IN WHITESTONE, QUEENS
Jewel Capital successfully negotiated a two-year construction loan with a private lender in the amount of $1,500,000 to be secured by a development site located at 150-30 12th Avenue, Whitestone. The purpose of the loan was to finance the development of the mixed-use project. The total project cost was $2,989,500, and the LTC was at 50.18%. TOP FEATURES Outstanding Loan Terms: Jewel Capital aggressively negotiated the loan terms with lenders and successfully closed the loan a
JEWEL CAPITAL NEGOTIATES $5,250,000 ACQUISITION LOAN FOR A DEVELOPMENT SITE IN SUNSET PARK, BROOKLYN
Jewel Capital has arranged an acquisition loan for a development site with a private lender in Sunset Park, Brooklyn. This two-year loan carries a fixed-rate of 9% and is being used to acquire the property with a total purchase price at $9,900,000. The borrower intended to demolish the existing structure and develop it into a mixed-use building. TOP FEATURES Fast Closing: It took only one month from initial application to loan closing. Jewel Capital saved borrower a lot of t
