$300,000 Second Mortgage Loan
8 Unit Multi-Family Condominium
West Street
Union City, New Jersey

60% LTV based on the estimated value
6 month term/interest only
CONDOMINIUM CONSTRUCTION COMPLETION

$1,700,000 Second Mortgage Land Loan
Development of 23 Acres Raw Land
Patchogue-Yaphank Road
Brookhaven, New York

74% LTV based on the estimated value
18 month term/interest only
OFFICE/WAREHOUSE CONSTRUCTION

$1,892,235 First Mortgage Loan
13 Unit 3 Story Apartment Building
Ogden Avenue
Jersey City, New Jersey

66% LTV based on the appraised value
24 month term/interest only
CONDOMINIUM CONSTRUCTION