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JEWEL CAPITAL, a fast-growing commercial real estate finance and advisory firm based in New York City, has arranged a $3,000,000 construction loan to facilitate the construction of a three(3)-story, six(6)-unit attached town house(“the Property”) to be erected on a 15,669+/- square foot lot located in Cliffside Park, NJ. Jewel Capital successfully secured the interest rate at 4.75%, which is below the market rate. The term of the loan is 18 months with a 6-month extension option.


Combo Loans: Jewel Capital successfully arranged Loan A, the construction loan, together with Loan B, a $3,000,000 permanent loan with 4.75% floor rate. The term of the permanent loan is 30 years from the date of the closing. The Combo provided the borrower with alternative financing options under certain circumstances. The one-time application for two loans is cost and time saving for the borrower.

Low interest rate at 4.75%: As Jewel Capital’s CEO Sam Li stated, this interest rate was below the market level for construction loan and Jewel Capital managed to obtain this favorable rate for the borrower by actively negotiating with lenders.

About the Borrower: The borrower is a Fort Lee based developer which has rich experience in some of the most complex construction projects. These projects are mainly located in Edgewater, Edison, Fort Lee, Clifton and Paramus, NJ.


The Property is a proposed three-story, six-unit luxury town house building to be erected on a 15,669+/- square foot lot. The proposed building area is 22,716+/- square feet and the sellable/rentable area is 19,774+/- square feet. The Property will be sold as individual units when completed, each unit area ranging from 3,100 to 3,665 square feet. The Property was a vacant land on the closing date and had the requisite municipal approvals for the proposed development.


The Property is located in Cliffside Park, which is a borough in Bergen County, New Jersey. As of the 2010 United States Census, the borough's population was 23,594, reflecting an increase of 587 (+2.6%) from the 23,007 counted in the 2000 Census, which had in turn increased by 2,614 (+12.8%) from the 20,393 counted in the 1990 Census.

Cliffside Park is a growing real estate market for new developments. As of 3/29/2016, there are 233 resale and new homes in Cliffside Park on Average price per square foot for Cliffside Park is $296, an increase of 17% compared to the same period last year. The median sales price for homes in Cliffside Park NJ for Dec 24 to Mar 23 was $437,500 based on 20 home sales. Trends in Cliffside Park show a 9% year-over-year rise in median sales price. The median rent per month for apartments in Cliffside Park for Feb 24 to Mar 24 was $2,700. 69% of the residents commute by car.

JEWEL CAPITAL is a fast-growing commercial real estate finance and advisory firm based in New York City. By leveraging our unique lender relationships developed over the years, we are able to provide our clients with tailored, best-in-class financing solutions primarily in the Greater New York metropolitan area. Our sweet spot as real estate advisers for commercial mortgage or development projects is from $1MM to $50MM. At Jewel Capital, we are committed to guide our clients through every step of the deal-making process, and we hope to add a “Personal Touch to Your Financing Needs”.

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