Direct Lender Providing Flexible & Creative Private Financing for Investment Real Estate

JLJ Capital is a private direct lender that provides alternative financing solutions for commercial and residential investment properties throughout the United States: acquisitions, rehab, fix & flip, value-add, ground-up construction, short-term refinancing, and 30-year rental (Single-Family only).

Please note: We do not lend on owner-occupied homes or specialty commercial properties.

Property Geographic Area Details
Nationwide except for CA, NV, ND, SD
Loan Amounts
$250,000 to $100,000,000
Interest Rates
6.5% to 10%
Loan Terms
6 months to 24 months
Origination Fees
1% to 2.5%
Lien Position
1st
Collateral Types
  • Residential Property
  • Commercial Property
Loan Purpose
  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Value Add Project
  • Development Project
Property Occupancy
  • Tenant Occupied 100%
  • Tenant Occupied Partial

Commercial Real Estate Bridge Lending

  • Acquisition and Refinance Loans
  • Loan Amount: $1,000,000 – $100,000,000
  • Term: 1 – 24 months with extension options
  • Interest Rate: Starting from 8%
  • Loan-to-Purchase Price: Up to 70%
  • Loan-to-Cost: Up to 75%
  • Property Types: Office, Retail, Industrial, Senior/Student Housing, Storage Facility, Vacant Land
  • Origination Fee: 1% – 3%
  • Recourse: Full recourse or potentially limited recourse to borrower
  • Deposit Required: $5,000 for loans under $5MM, $10,000 for loans $5MM and up
  • Closing Timeline: 2 – 5 weeks
  • Use of Proceeds: Acquisition, restructuring, discounted payoffs, purchase of notes, property improvements, partner buy-outs, recapitalization, pay-down of other debts, and taxes

Multifamily Bridge Lending

  • Acquisition and Refinance Loans
  • Loan Amount: $10,000,000 – $100,000,000
  • Term: 1 – 24 months with extension options
  • Interest Rate: Starting from 8%
  • Loan-to-Purchase Price: Up to 70%
  • Loan-to-Cost: Up to 75%
  • Property Types:  Condominium, Multifamily
  • Origination Fee: 1% – 3%
  • Recourse: Full recourse or potentially limited recourse to borrower
  • Closing Timeline: 2 – 5 week

Residential Small Balance & Value-Add Lending

  • Loan Amount: $250,000 – $10,000,000
  • Term: 6 – 24 months (subject to discretionary 1 to 3 month incremental extensions with 0.50% fee)
  • Interest Rate: Starting at 4.5%
  • Loan-to-Purchase Price: Up to 65%
  • Loan-to-Cost: Up to 85%
  • Loan-to-Completed Value: Up to 65%
  • Property Types: Single Family, Condominium, 2-4 units, 5+ Multifamily, Mixed-Use if more than 50% residential
  • Origination Fee: 1% – 3%
  • Recourse: Yes in most cases
  • Closing Timeline: 2 – 4 week
  • Use of Proceeds: acquisition, refinance, value-add/rehab, restructuring, ground-up construction, 30-year fixed permanent

Ground-Up Construction Lending for Commercial & Residential Properties

  • Loan Amount: $2,000,000 – $100,000,000
  • Term: 12 – 36 months with extension options
  • Interest Rate: Starting at 8%
  • Loan-to-Purchase Price for Land: Up to 55%
  • Loan-to-Cost: Up to 75%
  • Loan-to-Completed Value: Up to 65%
  • Property Types: All types of property are considered – multi-family residences; condominiums; office and mixed-use buildings; retail, warehouse, and industrial spaces; shopping centers
  • Origination Fee: 1% – 3%
  • Recourse: Completion Guaranty (Good Guy)
  • Closing Timeline: 2 – 5 weeks

Property Types

  • 2-4 Units Residential
  • Commercial Condominium
  • Commercial Land
  • Condominium
  • Healthcare
  • Industrial
  • Manufactured Home
  • Mixed-Use
  • Multifamily
  • Office
  • Portfolio of Commercial Properties
  • Portfolio of Residential Properties
  • Residential Land
  • Retail
  • Senior Housing
  • Single Family Residence
  • Storage Facility
  • Student Housing

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction
  • Residential Long-Term Rental

Specialty Loan Types

  • Land Development
  • Condo Conversion
  • Residential Long-Term Rental
  • Partner Buyout
  • Discounted Note Payoff

Description

We will only lend on land for projects for which we also fund the construction loan.

Land Types Considered

  • Residential Land
  • Multifamily Land
  • Industrial Land
  • Office Land

Will Consider Land That is NOT Entitled

no

Max LTV for Land

65%

Max LTC for Land Acquisition

55%
Borrower must have at least 20% cash down payment.

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
Will allow 15% of the budget to be soft costs.

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

100%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

0

Maximum After Repair Value

75.00%

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

4

Max LTC for Ground-Up Construction Costs

75%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Minimum Loan Amount

$500,000

Maximum Loan Amount

$20,000,000

Minimum Interest Rate

3.75%

Maximum Interest Rate

6%

Minimum Origination Fee

1%

Maximum Origination Fee

3%

Minimum Loan Term

60 months

Maximum Loan Term

360 months

Minimum Debt Service Coverage Ratio

1.00

Will Lend on a Portfolio of Rentals

Yes

Minimum Number of Properties

2

Maximum Number of Properties

300

Minimum Property Value

$50,000

Maximum Property Value

$5,000,000

Fees which are mandatory for all new borrower clients

  • Deposit

Fees which are paid to a third party company

  • Legal Fee
  • Appraisal Fee
  • Credit Report Fee
  • Background Check Fee
  • Environmental Report Fee

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

7

Payment Structure
  • Interest Only
  • Interest Reserve
Pre Payment Penalty

yes

Will lend to a foreign national

no

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

yes

Borrower Entity Types Considered
  • LLC
  • Limited Partnership
  • Corporation
Documentation Required
  • Credit Report
  • Tax Returns
  • Bank Statements
  • Financial Statements
  • Loan Application
Personal Guaranty (Recourse) Required
Always
Credit Check Required

yes

Credit Check Description

We can do any credit score, and deal structure will vary

Appraisal Required for Residential Property

Always

Appraisal Required for Commercial Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Broker Price Opinion (BPO) Accepted for Commercial Property

Sometimes

Get In Touch

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JLJ Capital is a private direct lender based in New York that provides alternative financing solutions for bridge-lending, acquisitions, ground-up construction, short-term refinancing, mezzanine, mortgage takeout, partner buyout, and other real estate projects for multi-family and mixed-use real estate projects throughout the United States.

COMPANY HISTORY

JLJ Capital was founded in 2017 by Jonathan Lewis, Justin Podolsky and Lee Podolsky as a private independent real estate development company focused on lending on different types of commercial real estate throughout the continental United States, with a focus on New Jersey, New York and Texas.

JLJ Capital believes that many experienced real estate investors, owners, and operators have short term needs that banks cannot meet on a timely basis, and JLJ Capital’s goal is to be there for them with a time horizon of up to 36 months. The Fund was formed to provide investors the opportunity to participate in JLJ Capital’s vision.

The management team has 30 years of lending and operational experience in real estate in hotel and multi-family sectors. The extensive experience allows JLJ Capital to follow commercial banks’ underwriting standards while move quickly in origination and execution with robust deal flow through established relationships with real estate developers, owner’s operators, brokers, servicers, etc.

OUR APPROACH

We view our customers as partners. Therefore, we feel an obligation to not only lend funds but to make sure that our partners have a successful outcome. With over 30 years of lending and operational experience our recommendations are carefully thought out.

We utilize experts in Architecture, Engineering and Construction to review all loans before approval. Since we view this as a partnership we not only meet our borrowers at their offices but have them come to our offices as well before we close our first loan. In order for us to lend money to a partner we want everyone to be comfortable with our process.

Company Size (Number of Employees)

10

Year Established

2017

Office Locations

330 Changebridge Road, Pine Brooke, New Jersey 07058

Primary Capital Source
  • Own Funds
Alternative Capital Sources
  • Own Funds
  • Debt Fund We Manage
  • Individual Investors
  • Other Private Lending Companies
Loan Structure for Majority of Loans
  • Own Balance Sheet
  • Multiple Lender Participation
Percentage of Loans Secured by Commercial Property

20%

Percentage of Loans Secured by Residential Property

30%

Our Team

Jonathan Lewis

CEO

Justin Podolsky

Partner

Lee Podolsky

Partner

Robert Kim

Financial Officer

Bryan Altunel

Staff Accountant

Alec Oriolo

Investment Analyst

Get In Touch

JLJ Capital pays us to be listed, so there is no fee to connect. Share your loan request, send a simple email, call, or visit their website.

Stay Informed About Private Lending

Receive our monthly newsletters with valuable insights and industry updates
subscribe-illustration
Before You Contact Us

Our Minimum Loan Amount Is

$250,000

What We Do

  • Residential Investment Property
  • Multifamily and Mixed-Use Properties
  • Bridge, Rehab, Construction
  • Up to 80% Loan-to-Purchase Price
  • 20% Cash Required for Rehab Deals

Not Available

  • NO 100% Financing
  • NO Owner-Occupied Homes
  • NO Cannabis Use Properties
  • NO Rural Areas

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