JLJ Capital Company Profile

Background

Overview

JLJ Capital is a private commercial real estate lender specializing in providing creative financing solutions for multi-family and mixed-use real estate projects across the United States. Established in 2017, the firm focuses on bridge lending, acquisitions, ground-up construction, short-term refinancing, mezzanine financing, mortgage takeouts, and partner buyouts. With a primary emphasis on markets in New York, New Jersey, Pennsylvania, Florida, and Texas, JLJ Capital has positioned itself as a significant player in the real estate financing sector.

Mission and Vision

JLJ Capital's mission is to deliver flexible and timely financing solutions that empower real estate developers and operators to execute their projects efficiently. The firm's vision is to be a trusted partner in the real estate industry, known for its innovative approach to financing and its commitment to supporting the growth and success of its partners.

Industry Significance

Since its inception, JLJ Capital has been recognized for its ability to provide alternative financing options that bridge the gap between traditional banking institutions and the dynamic needs of real estate developers. By offering tailored financial solutions, the firm has contributed to the completion of numerous significant real estate projects, thereby enhancing its reputation and influence within the industry.

Key Strategic Focus

Core Objectives

JLJ Capital aims to:

• Provide swift and flexible financing solutions tailored to the unique needs of each project.

• Support the successful completion of real estate developments by offering timely capital.

• Foster long-term partnerships with developers and operators through reliable and efficient service.

Areas of Specialization

The firm specializes in:

• Bridge lending

• Acquisitions

• Ground-up construction

• Short-term refinancing

• Mezzanine financing

• Mortgage takeouts

• Partner buyouts

Key Technologies Utilized

While specific technological platforms are not publicly detailed, JLJ Capital emphasizes a responsive and efficient funding process, delivering personalized financial solutions within 24 to 48 hours. This approach suggests the use of advanced financial modeling and project management tools to assess and execute financing options swiftly.

Primary Markets Targeted

JLJ Capital primarily focuses on real estate projects in:

• New York

• New Jersey

• Pennsylvania

• Florida

• Texas

These regions are selected based on their dynamic real estate markets and the firm's strategic interest in supporting developments in these areas.

Financials and Funding

Funding History

JLJ Capital has successfully raised and deployed significant capital to support its financing activities. Notable transactions include:

• March 2021: Provided $12.75 million in bridge financing for a 315,280 sq ft, 9-story office building in Falls Church, Virginia.

• August 2019: Partnered with BridgeInvest to provide a $45.5 million senior loan to Sovereign Properties for the development of Dolce Twin Creeks, Phase II, a 366-unit multifamily project in Allen, Texas.

• September 2019: Agreed to provide a $57 million loan to 329 LLC for the completion of a mixed-use 17-story tower at 329 Broadway in Williamsburg, Brooklyn.

Recent Funding Rounds

Specific details regarding recent funding rounds, including total funds raised and notable investors, are not publicly disclosed. However, the firm's active participation in significant financing deals indicates a robust financial position and ongoing investor confidence.

Utilization of Capital

The capital raised is primarily utilized to:

• Provide bridge loans and senior financing for real estate acquisitions and developments.

• Support ground-up construction projects and major renovations.

• Offer short-term refinancing solutions to developers and property owners.

• Facilitate partner buyouts and other strategic financial transactions.

Pipeline Development

Key Pipeline Candidates

JLJ Capital has been involved in financing several notable projects, including:

• Dolce Twin Creeks, Phase II: A 366-unit multifamily development in Allen, Texas, for which the firm provided a $45.5 million senior loan in August 2019.

• 329 Broadway Tower: A mixed-use 17-story tower in Williamsburg, Brooklyn, for which JLJ Capital agreed to provide a $57 million loan in September 2019.

Stages of Development

The firm's involvement spans various stages of development, from pre-construction financing to completion and stabilization of projects. This comprehensive engagement allows JLJ Capital to support the entire lifecycle of real estate developments.

Target Conditions

JLJ Capital targets projects that require flexible and timely financing solutions, including:

• Acquisitions of existing properties

• Ground-up construction

• Major renovations and value-add projects

• Short-term refinancing needs

• Partner buyouts and other strategic financial transactions

Anticipated Milestones

While specific timelines for upcoming projects are not publicly disclosed, JLJ Capital's history of active financing suggests a continuous pipeline of projects in various stages of development.

Technological Platform and Innovation

Proprietary Technologies

Specific proprietary technologies utilized by JLJ Capital are not publicly detailed. However, the firm's emphasis on a rapid and flexible funding process indicates the use of advanced financial modeling and project management tools to assess and execute financing options efficiently.

Significant Scientific Methods

The firm employs data-driven approaches to evaluate project viability, assess risk, and determine appropriate financing structures. This includes comprehensive market analysis, financial modeling, and due diligence processes to ensure informed decision-making.

Leadership Team

Jonathan Lewis: Founder and CEO

• Professional Background: Jonathan Lewis has extensive experience in real estate finance and development. Prior to founding JLJ Capital, he held leadership positions in various real estate firms, focusing on financing and project management.

• Key Contributions: Under his leadership, JLJ Capital has successfully closed over $180 million in loans and established a White Label Program for brokers, allowing the firm to fund loans for brokers at closing.

Cher Chang: Partner/Head of Capital Markets and Investor Relations

• Professional Background: Cher Chang has a strong background in capital markets and investor relations, with experience in real estate financing and investment strategies.

• Key Contributions: As Head of Capital Markets and Investor Relations, she plays a pivotal role in managing investor relationships and overseeing capital raising activities.

Daniel Parmenter: Vice President: Real Estate Credit Originations

• Professional Background: Daniel Parmenter has expertise in real estate credit and originations, with a focus on structuring and executing financing solutions for real estate projects.

• Key Contributions: He is responsible for sourcing and underwriting new credit opportunities, ensuring alignment with the firm's strategic objectives.

Robert Kim: Director of Finance and Accounting

• Professional Background: Robert Kim has a background in finance and accounting, with experience in financial reporting, analysis, and compliance within the real estate sector.

• Key Contributions: He oversees the firm's financial operations, ensuring accurate reporting and adherence to regulatory standards.

Market Landscape and Competitor Profile

Market Insights and Dynamics

The real estate financing market is characterized by a diverse range of participants, including traditional banks, private equity firms, and specialized lenders like JLJ Capital. The demand for flexible and timely financing solutions has been growing, particularly in the multi-family and mixed-use development sectors. This trend is driven by urbanization, population growth, and evolving housing needs.

Competitor Analysis

Key competitors in the real estate financing space include:

• Sound Capital Management: Specializes in real estate investment and financing, offering a range of services similar to JLJ Capital.

• Protium: Provides alternative financing solutions for real estate projects, focusing on bridging the gap between traditional lenders and developers.