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Deal Details
Private Loan Type
Refinance
Approx. Funding Date
12/05/2025
Property Type
Commercial Land
Multifamily
Residential Land
Property City
Hackensack
Property State
NJ
Loan Term (months)
9
Lien Type
1st Mortgage
Payment Type
Interest Only
Property Value
$3,000,000
Loan-to-Value
45%
Location Type
Urban
Property Condition
Vacant Land
Occupancy at Closing
Vacant
Number of Units
40
Borrower's Plan
Development
Exit Strategy
Construction Loan
Borrower Credit Rating
Excellent
Interest Rate
13%
Origination Points
3%
Deal Summary
Hackensack, NJ | Cash‑Out Bridge Loan – Land
Fast, flexible bridge capital structured for an experienced sponsor to move a time‑sensitive multifamily project forward.
Our bridge loan helped the sponsor navigate a short‑term timing gap while keeping leverage conservative and the construction exit clear.
Actively reviewing similar land and pre‑development bridge opportunities with defined exits and experienced sponsorship.
Funded By
Sherpa Capital Group
Entrepreneurial Private Lender for All Types of Commercial Properties
Dealmakers
Rahul Shah
Managing Principal