Jewel Capital, New York’s most active market challenger, arranged $34 million in land financing to refinance a large Mixed-Used development Project in Queens, NY, on behalf of a group of well-known local Asian Real Estate Developers. The Loan The 12-month refinance loan, provided by a global RE investment firm, features a floating rate of 830 basis point plus one month LIBOR and two six-month extension options. This transaction was engaged by Jewel Capital Business Developmen
JEWEL CAPITAL, a boutique commercial real estate finance and advisory firm, has arranged a $6,980,000 construction loan secured by a development site located in Flushing, Queens. With a competitive interest rate floating at WSJP plus 1%, this construction loan at 68.4% Loan To As-Complete-Value was to fund the entire construction of the project. In addition, the loan was a -year fully-amortized loan.This construction loan will be gradually retired along with the future sale.
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, a boutique commercial real estate finance and advisory firm, has arranged a $1,725,000 acquisition loan secured by a mixed-use property located in Flushing, Queens, NY. With a competitive interest rate at 3.25%, Jewel Capital has successfully managed to close this 30-year fully amortized mortgage loan in less than 3 months with no bank commitment fee. The loan was arranged by Samuel W. Li, founder & CEO of Jewel Capital. According to Mr. Li, Jewel Capital’s swe
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, 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.