$2.2 Million loan in Rushville, NY
JIC funds the construction of a Rushville Luxury Lake residence.
Amongst the upmarket houses and residences on the Canandaigua Lake in Rushville NJ, you will find a 6000 square foot, $5M, 20 room waterfront home sitting on 4.9 acres of land. However, the high-net-worth borrower's mortgage came to term, and the construction was only 80% complete. The borrower needed an efficient lender who could both realize the value and opportunity, while delivering with speed.
JIC approved the loan in 24 hours.
Brokers were paid - $66,000