Jacobs Real Estate Advisors is pleased to announce the origination of $1,000,000 loan for a development project in Newark, NJ. The proposed improvements will span across all three buildings in the complex and include a unit mix of 38 units with a net rentable area of 34,800 sqft with 26 surface parking spaces.
“We are excited to participate in this high-growth residential market. Finding strategic investments in a turbulent market can be challenging, we are confident with this opportunity for our investors” said Sholom Jacobs CEO of Jacobs Real Estate Advisors.
Type: Muti-family residential
Security: Pledge of Shares
Loan Amount: $1,000,000
Annual Interest Rate: 15%, paid monthly.
Term: 12- months
