JLJ Capital recently funded a $6,693,644 loan on Collins Avenue in Miami Beach, Florida. The purpose of the refinance was to pay off the existing debt and fund the renovation of the property into a 15-unit luxury short-term rental. The borrower, with 25 years of experience in the real estate industry, will be converting the multifamily property, which spans 13,031 square feet, into a high-end rental in the Miami Beach market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $6,693,000
• Market: Miami Beach
• Asset Type: Multifamily
• Square Footage: 13,031

JLJ Capital, represented by their loan representative Jonathan Lewis, provided the bridge loan for this project. JLJ Capital focuses on multifamily, industrial, and office asset classes, offering creative loan solutions for various property needs. With a loan term of 18 months and the option to extend for an additional 6 months, JLJ Capital provides immediate financing starting at $750,000 and going up to $100,000,000+.

To learn more about JLJ Capital and their loan offerings, you can contact them at +1(212) 292-3602 or email [email protected]. For further inquiries, you can visit their website at jljcapital.com/contact.