JG Funding Corp. Refinances 65,000 SF Office In Memphis, TN

The property involved in this transaction is an office asset located at 122 S. Main St., Memphis, TN, with a total square footage of 65,000. The loan amount for the refinancing of this property is $5,900,000, structured as a 1st lien with terms of 12 months plus extensions, including an interest-only payment option and a loan-to-value ratio of 60%.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $5,900,000
• Loan Type: Refinance
• Loan Terms: 1st Lien, 12 months + extensions; I/O payment, LTV 60%
• Address: 122 S. Main St., Memphis, TN
• Market: Memphis, TN
• Landlord: 18 Main
• Lender: JG Funding Corp.
• Brokers: Jeremy Goldzal & Josh Grunzweig - JG Funding Corp.

Key individuals involved in this transaction include Jeremy Goldzal and Josh Grunzweig, both representing JG Funding Corp., the lender responsible for financing this real estate asset. JG Funding Corp. is active in various states, including New York, New Jersey, Pennsylvania, Connecticut, Florida, Tennessee, Mississippi, and Michigan, offering creative structuring to align with borrowers' goals. The company's commitment to closing deals is evident with a turnaround time of 3-5 days.