Azadian Group provides $200K bridge financing to North Jersey real estate developer

The developer has purchased all vacant and abandoned city-owned properties in a well-known Northern New Jersey city and has begun to rehabilitate the properties using local tradesmen and laborers, creating hundreds of jobs in the process.

The developer purchased the properties and conducted the initial rehabs using its own cash, depleting its cash reserves and making it difficult to obtain traditional bank financing. 

Azadian Group partnered with a local investment fund to quickly provide the necessary financing, along with an agreement for ongoing funding as needed.