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

Closed Loan Details

Acquisition / Renovation Loan for Motel Property in Point Pleasant Beach, 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 acquire and renovate a motel property in Point Pleasant Beach, NJ
  • Secured by a first-position mortgage lien on the motel property located at 1601-1603 Ocean Avenue, Point Pleasant Beach, NJ
  • Additional collateral includes a UCC-1 financing statement on all business assets
  • Initial advance of $317,370 funded at closing, with remaining renovation funds available through future draw requests
  • 1-year term

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

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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.