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A $30,000,000 First Mortgage loan on an existing condominium project and adjacent development site in Jersey City, NJ.

Jersey City, NJ

$30,000,000

SB Condo Hotel, LLC

Fully renovated motel to hotel condominium, consisting of 133 unsold units out of a total of 200 units, plus one 19,000 SF commercial unit in South Bend, IN. The hotel condos were targeted to Notre Dame Alumni, and the unsold residential and commerical units had an estimated completed value of $14,000,000 at closing.

South Bend, IN
$7,850,000

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