Jewel Capital Arranges $3.9 Million in Construction Financing for a Residential Condominium Property
Jewel Capital, New York’s most active market challenger, arranged $3.9 million in construction financing for the development of an 8-story 13-unit condominium project located in Long Island City, Queens, on behalf of a group of Chinese Developers. The 24-month loan, provided by a full-service, vertically integrated real estate investment firm, features a fixed rate and no prepayment penalty. This transaction was negotiated by Samuel Li, the founder, and CEO of Jewel Capital.
