Roselle, NJ

$165,375

Single Family Residence

Purchase

07/25/2019
Transaction by
JCAP Private Lending
In July of 2019, Jcap Private Lending funded a loan on a NOO single-family residence in New Jersey. The borrower was trying to salvage his grandmother's house that was near foreclosure. Jcap took a chance on funding this loan when the borrower kept hitting dead ends with other lenders and banks. This 12 month loan with a 75% LTV has allowed the borrower to keep the home in the family and buy himself time to refinance this property into a long term loan at a later date.