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Deal Details
Private Loan Type
Purchase
Approx. Funding Date
08/09/2019
Property Type
Multifamily
Property City
Columbus
Property State
OH
Lien Type
1st Mortgage
Payment Type
Interest Only
Deal Summary
Jcap Private Lending, an asset-based lender, funded a $589,500 1st lien position loan to purchase a completely renovated three-story, six-unit building located immediately east of Downtown Columbus, OH. There is off-street parking and top-of-the-line finishes, within walking distance of everything in Olde Towne East. Jcap Cross-Collateralized another Out-of-State investment property, so the Borrower could complete this deal with No Money Down. This hard money loan was funded in August 2019.
Funded By
JCAP Private Lending
We specialize in new construction projects as well as 2nd mortgages