New Jersey

Loans Amount

$450,000

Location

New Jersey

Property Type

Multifamily Conversion

Loan Type

New Construction

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New Jersey

AI Capital Lending funded a pre-development loan of $450,000, which closed in less than two weeks. The site was purchased for $920,000; our borrower came to the table with $500,000+. This will turn into a 24-unit multi-family ground-up construction loan next.