Camden, NJ — 3 Property Portfolio

First lien mortgage loan secured by a three property residential portfolio in Camden, NJ. Conservative 39% loan to value provides substantial equity cushion below our position. Experienced sponsor with a track record of stabilizing similar assets in the local market.

• First lien position on three separate properties
• Conservative 39% loan to value
• Cross collateralized portfolio structure
• Experienced local sponsor
• Defined 12 month term with clear exit
• 13.5% target yield paid monthly to investors

Sponsor plans to refinance into long term agency debt upon stabilization of the portfolio, with sale of one or more assets as a secondary repayment path. Conservative LTV ensures multiple viable exit options.

• First lien recorded against all three properties
• Cross collateralization across the portfolio
• Personal guarantee from sponsor
• Title insurance and lender's policy in place
• Active asset oversight throughout the loan term