Please note, Commonwealth Capital can only provide commercial or business loans

Closed Loan Details

EPAS Deal Image

Acquisition & Renovation Loan for Hospitality Property in Point Pleasant, NJ

Commonwealth Capital is pleased to announce that it recently closed a $1,200,000 commercial loan for Dunes PT Pleasant Beach LLC.

  • Proceeds used to support the acquisition and renovation of a motel property in Point Pleasant, NJ
  • Secured by a first-position mortgage lien on the subject hospitality property located on Ocean Avenue
  • Initial advance of $317,370 funded at closing
  • 1-year term
  • Interest paid at closing with first payment due 1/15/26
  • 12.99% fixed for initial 6 months, then floating at WSJ Prime + 5.74% thereafter with a 12.99% floor
  • 3% origination fee

 

Location: Point Pleasant Beach, NJ
Loan Size: $1,200,000

We make it easy!

See what our customers are saying about their experience in working with us

“Commonwealth Capital’s team of professionals consistently utilizes and demonstrates logic, care, and compassion. They are willing to talk about virtually every adverse credit issue in order to grasp a true understanding of the cause(s) and participate in the solution(s) throughout the entire lending process.”

L.C. | Broker

“Commonwealth Capital stepped in for us when other lenders said “no”. Their response to our request was timely and flexible. We are very glad to have found them and happy to recommend them to others.”

R.R. | Legal Services

“After evaluating my financial situation back in 2011 Commonwealth Capital provided the needed funding and cash flow to help my business operate. They listened to my concerns over the past 3 years and tailor made a plan to assist my company during this time of economic uncertainty, when other banks and lending institutions did not wish to get involved.”

J.B. | Healthcare Services

Membership and Associations

Commonwealth Capital holds memberships in several of the top loan industry associations.