Multifamily · Jersey City, NJ
Bridge-to-Permanent Refinance
60-Unit New Construction · $8.8M Loan
We knew the borrower. We knew the asset. We knew the market.
That's how we found the right capital — fast.
01
Situation
Ground-up 60-unit apartment building in Jersey City. Completed on time, on budget, and 95% leased with stable cash flow from day one.
02
Challenge
A high-rate bridge loan was still on the books. In a rising-rate environment, it was burning capital monthly on a fully stabilized asset.
03
Approach
We sourced a regional credit union offering permanent financing with no prepayment penalty — full flexibility to sell or refi at any time, zero friction.
04
Outcome
Bridge loan retired. Cash flow restored. Borrower locked in long-term fixed-rate debt at conservative leverage with complete exit optionality.
$0 Prepayment Penalty
Full flexibility to sell, refinance, or hold — on the borrower's timeline, not the lender's.
TruePoint CRE finds capital that fits the borrower — not the other way around.
Have a stabilized asset carrying the wrong debt? Let's talk.
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