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Great Jones Capital is an active real estate private lender based in Washington D.C. We provide private financing for investment property projects that will positively impact communities and create long-term value. We also provide value-added advisory services to our borrowers such as project management, budgeting and sourcing. With many years of combined experience in real estate and banking, Great Jones Capital has earned a reputation within the industry for our integrity, creativity, and discipline. Because we underwrite and fund our loans in-house, we can offer easy qualification standards compared to traditional lenders. Whether you plan to purchase, refinance, or improve your real estate asset, we have a flexible alternative financing for your situation.

Property Geographic Area Details

DMV Metro Area - DC, Northern Virginia, Southern Maryland

Loan Amounts

$100,000 to $5,000,000

Interest Rates

7.5% to 10%

Max Loan-To-Value

75%

Max Loan-To-Cost

90%

Origination Fees

1% to 4%

Loan Terms

1 months to 36 months

Lien Position

  • 1st
  • 2nd

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Value Add Project
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Owner Occupied Commercial

Property Types and Loan Types

Collateral Types

  • Residential Property
  • Commercial Property

Property Types

  • 2-4 Units Residential
  • Commercial Condominium
  • Condominium
  • Industrial
  • Mixed-Use
  • Multifamily
  • Parking Lot
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • Single Family Residence
  • Student Housing

Loan Types

  • Mezzanine
  • Preferred Equity

Specialty Loan Types

  • Condo Conversion
  • Note Purchase
  • Partner Buyout
  • Transactional Funding

Junior Liens

Junior Lien Loan Amounts

$500,000 to $5,000,000

Junior Lien Interest Rates

11% to 12%

Junior Lien Loan-to-Value

90%

Junior Lien Loan-to-Cost

90%

Junior Lien Origination Fees

3% to 4%

We Fund Junior Position Loans

Often

Junior Lien Types

  • Purchase
  • Refinance
  • Mezzanine
  • Preferred Equity
Fund up to 90% of your project’s cost with our mezzanine financing. Traditional lenders typically cap the amount of funding for a project at 65–70%, leaving a sizable portion of required equity. Our flexible funding can reduce the overall amount of equity required while lowering a project’s average cost of capital.

Land Loan

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

0%

Max LTC for Land Acquisition

0%

Purchase Loan

Max Loan-To-Purchase Price

80%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

yes

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Subject Property
  • Equity in Another Investment Property
  • Seller Financing

Details and Requirements

Typical Closing Time (Days)

14

Fastest Closing Time (Days)

7

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only

Pre Payment Penalty

yes

Minimum 3 months of interest

Will lend to a foreign national

yes

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • Individual(s)
  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Financial Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

no

Appraisal Required for Residential Property

Sometimes

Appraisal Required for Commercial Property

Sometimes

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Fees

Our team has over 30 years of experience in real estate lending, finance, asset management and residential and commercial development. We have underwritten over $1 billion in commercial real estate transactions. Our broad base of skills and hands-on approach enable us to recognize and offer well-underwritten lending opportunities and investments. Our experience, reliability, and proven success have helped us build a growing network of repeat borrowers, brokers, and investors. We meet the needs of time-sensitive transactions by specializing in small-medium balance debt opportunities ($500,000 – $10,000,000) and select joint venture equity participations with owners, operators and developers throughout the Washington D.C. area. We specialize in unconventional financings where expertise, local knowledge and attention to special circumstances will result in a substantial financial advantage to the project team.

Year Established

2013

Office Locations

1710 Connecticut Avenue NW, Suite 300, Washington, DC 20009

Primary Capital Source

  • Own Funds
  • Individual Investors
  • Family Offices

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • Own Balance Sheet

Jordan Hepner

Managing Director

Jordan is the Managing Partner and a Founder of Great Jones Capital. He is principally responsible for new transaction origination, credit analysis, due diligence, and portfolio management. He has built the company’s proprietary data analytics platform, which is used to identify and evaluate potential debt investments. Jordan previously worked at Google, where he was a Product Manager for Google Wallet. He worked with merchant and buyer risk teams to improve risk monitoring and streamline account management of the global merchant portfolio. At General Assembly, in New York City, he managed a team that analyzed large datasets to drive decision-making around user acquisition, user behavior, product design, and monetization optimization. Jordan received a B.A. in American Studies from Columbia University in New York City. He lives with his wife in Washington D.C.

Completed Transactions

Great Jones Capital

Private Loan Funding
Washington, DC
$600,000
Commercial Land, Residential Land

Preferred Equity

View Transaction

Great Jones Capital

Private Loan Funding
Washington, DC
$1,665,000
2-4 Units Residential, Single Family Residence

Residential Rehab

View Transaction

Loan Request

Short Description of your Loan Request or Property Address

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how will the loan be paid off?

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