Guy Shmuel Of Swift Capital LLC Provides $1,105,000 Acquisition Loan For Jersey City Multifamily Property

The property asset involved in this transaction is a multifamily building located in Jersey City, consisting of 3 units and offering a total square footage of 2,904. The acquisition loan provided is structured at $1,105,000, enabling the borrower to convert the 3-family property into a legal 2-family residence.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,105,000
• Lender: Guy Shmuel - Swift Capital LLC
• Loan Type: Acquisition
• Loan Terms: 18 Months
• Units: 3
• Square Footage: 2,904
• Construction Budget: $550,000
• Down Payment: 45%
• Projected ROI: 70%

Guy Shmuel from Swift Capital LLC serves as the lender in this transaction, having structured an 18-month bridge loan that aligns with the borrower's renovation timeline and investment strategy. The financing encompasses 65% of the purchase price along with full funding for the renovation budget, facilitating the borrower's financial flexibility during the project.