Hard Money Loan for Single Family Residence in New Jersey

Funded by JCAP Private Lending

Roselle, NJ


Single Family Residence


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.