Projects

Palm Coast, Florida

In 2002, we purchased a total of 60 land parcels from ITT Corp in two bulk deals. All land was located in Palm Coast, FL and many had irregularities which could have affected their marketability. Given the new nexus of assets in Palm Coast, we continued to buy approximately 40 more homes and land parcels through foreclosure auctions at very attractive prices in 2003 and 2004. Most “irregularities” were addressed and 95% of the parcels were sold individually from 2004 through 2007 at prices that averaged over 15 times their cost basis for the initial purchases and 2 – 3 times for the latter purchases. In timing these sales, we largely avoided the market crash that saw all of these properties subsequently sell for prices 50% to 70% less than our sale prices. The deal demonstrated the ability to identify a below market opportunity by leveraging market intelligence and acting quickly to avoid a competitive bid. Furthermore, the exit timing indicated an ability to break from market perceptions when valuations seemed out of sync with reality.

Asheville, North Carolina

Town Mountain Preserve

Town Mountain Preserve is a 182 acre, 74 lot gated community located in the heart of Asheville, NC in the majestic rolling hills of the Blue Mountains. JJS Capital acquired the partially completed development in 2014 from a Bank which had foreclosed on the property. JJS completed the development and construction, and sold the remaining 70 lots, either on a lot alone basis or a home-lot package. The project IRR, using minimal debt, was mid-30's per cent per year over the 8 year period. Net cash flows were just shy of 4 times the peak invested capital.

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Powdersville, South Carolina

JJS Capital purchased this 28,000 sq foot commercial building in August 2019 from a Bank who had foreclosed on the property. After identifying and leasing up an anchor tenant, the property was sold 2 years later at an unlevered IRR of 64% per annum with a 2.7 times return of capital.

In January 2019, JJS Capital acquired this 19-acre parcel, strategically located on Highway 123 in Easley, SC nestled between two growing urban centers. JJS successfully received approval for 256 multi-family units then sold the undeveloped site to a developer in November 2021. The unlevered project economics on this low-risk flip was 19.4% with a 1.65 times return of capital.

Jersey City, New Jersey

JJS Capital has been active in Jersey City with regard to extending loans, co-founding and owning one-third of a profitable operating business generating about $12 million in annual sales, building and selling out a 12-unit condominium and buying and selling various undeveloped parcels and other properties. Remaining assets, aside from loans extended to Jersey City borrowers is the operating business and a 50% interest in a 47,000 sq foot commercial rental property.

Private Debt Financing

JJS Capital is a lender of funds, collateralized by hard assets, to borrowers who can not avail themselves to traditional financing means or who do not have the time to do so. JJS has extended about 70 loans to businesses and individuals seeking liquidity for operations and acquisitions. Loans as small as $100,000 and as large as $20 million will be considered.

Inasmuch as JJS Capital uses only its own funds and does not take on investors, loans have closed in as few as 8 business days. Furthermore, as JJS focuses on low Loan-To-Value (LTV) deals and places most importance on the integrity of the asset being liened, troubled Borrowers who could not borrow from traditional lending institutions can seek solutions with JJS. Loans have been extended to Borrowers coming out of Bankruptcy as well as to a Borrower who was incarcerated at the time of the loan application. Examples of recent loans include a $2.4 million loan to a land-owner in Little Haiti, FL, a $2.5 million loan to a condo conversion investor in Hoboken, NJ and a $1.4 million loan to a property investor in Key West.

As JJS is not a licensed bank and does not take funds from external investors, we do not loan against primary residences. The Borrower must attest that the property being liened against is an investment property.

Passive Investments

Considerable time is spent analyzing passive deals in others' private equity projects and JJS Capital is currently invested in over 100 passive deals.

JJS

Capital Group

JJS CAPITAL GROUP