A&J Realty Investment Fund a trusted name in private lending and real estate financing successfully closes $27,988,000 first mortgage bridge loan refinance of an office and Industrial property in Chamblee, Georgia. An initial advance of approximately $20 million was funded at closing with future advances of up to $7.9 million available for tenant improvements, leasing commissions and capital expenditures.<\/p>\n\n\n\n
A&J Realty Fund Portfolio Now Exceeds $250 Million in Total Commitments
The loan structure features a non-recourse execution, full term interest only, select release provisions, and a future funding component for capital upgrades and future leasing and tenant improvement costs subject to the borrower meeting certain requirements. There is no interest charged on un-drawn funds, further creating a favorable economic structure.<\/p>\n\n\n\n
“Working with A&J Realty Fund has been a game-changer,” commented Kevin Friedman, Chief Operating Officer of 3400 Properties, LLC. “Their ability to deliver on the promise of lighting fast closing is second to none.”<\/p>\n\n\n\n