ReadyCap Commercial Closes $4.5M Freddie Mac Small Balance Loan for Mixed-Use Property in Jersey City

Email
Print
Share on LinkedIn
Share on Facebook
Share on Twitter

JERSEY CITY, N.J. — ReadyCap Commercial has arranged a $4.5 million Freddie Mac Small Business Loan for a mixed-use property located in Jersey City. The cash-out refinancing features a 20-year term with a 30-year amortization schedule. The name of the borrower was not released. John Drennan of ReadyCap Commercial executed the financing for the borrower.

You might also like

Construction Lending for Ready Capital
omar-flores-xkoegrJfrBU-unsplash
april-pethybridge-nN28PjFOOLI-unsplash

Get insights delivered

Stay up-to-date on the latest thought leadership, business owner stories, and news about Ready Capital.

Ready Capital logo - stacked - CRE