Address: 83 South Street, Suite 302, Freehold, NJ 07728
States They Lend In: New Jersey and New York
Loan Size: From $75,000 and up.
Property Types: All types considered – multifamily, condominiums, office, mixed-use, retail, warehouse, industrial, hospitality, land, shopping centers, single family houses (non-owner occupied), rehab/flip opportunities and others.
Distressed Debt and Business Loans: In addition, Navesink River Capital will fund the acquisition of notes and mortgages secured by real estate and make loans to operating businesses.
Terms: 1 – 3 year loans with extension options.
Interest Rates: From 9%
LTV: Up to 75% (Loan to Value of Property Ratio)
Fee: From 2%
Uses of Proceeds: Acquisition, restructuring, discounted payoffs, purchase of notes, property improvements, construction, pay-down of other debts and taxes.
Navesink River Capital, LLC. was formed as a direct private commercial lender in order to service the growing needs of those businesses who cannot obtain traditional financing from lending institutions for a variety of reasons. Current economic conditions and regulatory changes have virtually shut down the conventional lending market to those individuals who have anything less than perfect credit. We, at Navesink River Capital, understand that there are good deals to be completed today and business must go on. It is how you look and evaluate each deal so it makes sense. Our team is here to understand your vision, underwrite, and get you the funds you need to complete your project. It is for that reason, we have put together a seasoned team of real estate professionals that understand the ins and outs of underwriting and closing all types of real estate transactions. This commitment to excellence has allowed Navesink River Capital to succeed where so many have failed.
Navesink River Capital offers loans from $75,000 and up. Our willingness to close small and midsize loans demonstrates our understanding of the needs of the marketplace. We have seasoned professionals and expertise to underwrite and evaluate all types of real estate projects, including, manufacturing, commercial, multi-family, office, retail, hotel and other types of real estate. Borrower may use the proceeds from the loan in a flexible manner in order to meet the Borrower’s needs.