JG Funding Corp Provides $4.2M Loan For Rockland County Industrial Property

The industrial property located at 16 Meola Rd, 27 Meola Rd, 225 N Route 303, 29 Meola Rd, 1 Old Orchard Lane, 14 Meola Rd, 23 Meola Rd, 25 Meola Rd, 19 Meola Rd & 299 N. Route 303 in Rockland County has been involved in a recent loan transaction.

Summary of transation details

• Property Type: Industrial
• Transaction Amount: $4,200,000
• Loan Type: Acquisition
• Loan Terms: 1st Lien, Raw Land, 12 months + extensions; I/O payment
• Lender: JG Funding Corp
• Landlord: Vanta Developers

JG Funding Corp provided a loan of $4,200,000 for the acquisition of the industrial property. The loan terms include being a first lien on the raw land with a duration of 12 months and the possibility of extensions. The loan payments are interest-only.

JG Funding Corp is known for financing various types of real estate assets and projects in states such as New York, New Jersey, Pennsylvania, Connecticut, Florida, Tennessee, Mississippi, and Michigan. They pride themselves on their quick turnaround time, typically closing deals within 3-5 days. Loan scenarios can be sent to [email protected].