JG Capital, LLC.JG Capital, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced the following transactions: * A $1,780,000 first mortgage on a 31 unit apartment building on E. 199th Street in the Bronx Bronx, river, c.20 mi (30 km) long, issuing from Kensico Reservoir, SE N.Y., and flowing SW through the Bronx into the East River. The Bronx River Parkway, one of the first limited-access highways in the New York City area, parallels a portion of the river. . The loan featured a 6.3% interest rate on a 3 year term and a 30 year schedule. Jason Au negotiated this transaction. * A $750,000 bridge loan for a vacant 4 story mixed use building to be converted to new 16 unit apartment building with retail, in Williamsburgh Williamsburgh is a place name, derived from the name William and the Scots language and Scottish English word burgh:
See: Loan-to-value ratio of the purchase price, and a 12% interest rate for 2 years. Jason Au negotiated this transaction * A $1,000,000 first mortgage for a 10 unit apartment building in Greenpoint, Brooklyn Greenpoint is the northernmost neighborhood in the New York City borough of Brooklyn. It is bordered on the southwest by Williamsburg at the Bushwick inlet, on the southeast by the Brooklyn-Queens Expressway and East Williamsburg, on the north by Newtown Creek and Long Island . The loan featured a 6.625% 15 year fixed with a 30 year Amortization. Jason Au negotiated this transaction. * A $2,200,000 bridge loan for a vacant single story tax-payer on 10th Avenue, to be converted to 8 rental apartments with retail. The loan featured a 8.75%, 2 year term interest only. Phil Ragone negotiated this transaction. * A $6,400,000 bridge loan for a 5-story commercial building on E. 22nd St. to be convened to a rental building. The loan featured a 7.5% rate, 2 year term interest only. Phil Ragone negotiated this transaction. * A $4,500,000 first mortgage on 3 mixed use buildings on W. 14th Stree. The loan featured a 6.5% interest rate and a 5 year term. Mike Giammarinaro & Anthony Lekanides negotiated this transaction. |
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