Commercial Real Estate Finance (CRE-Finance) Provides
Construction Financing to RKTNJ, LLC. for Several Commercial Properties New
Jersey.
New York, May 28, 2019
Commercial Real Estate Finance (CRE-Finance) announced that
they have originated several million dollars in commercial loans to finance the
development of several residential projects in Ocean and Monmouth County.
Richard Kevin CEO of RKTNJ, LLC stated “ CRE-Finance’s high
leverage, low cost of capital and reliability made this project possible”.
CRE-Finance Managing Member Todd Tretsky stated “ CRE-Finance
offers speed, flexibility and certainty of execution to structure
custom-tailored solutions to complex situational real estate transaction”
The financing was first mortgage construction loan to
complete a subdivision of homes. The loan was underwritten to 77% of cost and 58%
of net sell out value.
About CRE
CRE-Finance
offers customized solutions for small, medium and large size businesses. We
specialize in debt financing for commercial real estate owners, developers,
individuals, business owners and entrepreneurs. CRE-Finance overcomes
common financing challenges for its clients and engineers prompt, innovative
and reliable finance solutions outside the "bankable box".