MJRL Capital is a privately held investment firm based in Macon, Georgia. Our business model provides for the deployment of funds in the following areas:
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Distressed note purchases: the company acquires performing and non-performing commercial loans at a discount from banks, insurance companies, credit unions, and other loan sellers.
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The company is a direct originator of 1st lien real estate secured loans that for a variety of reasons do not fit a traditional lenders underwriting model.
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The company, on a select basis, is a provider of funds on transactions that have collateral other than 1st lien real estate. In these instances, the funds will take the form of mezzanine debt, preferred equity, or a combination of both
SERVICES
Purchaser of sub-performing loans
MJRL is a purchaser of discounted performing and sub-performing commercial loans. Our objective is to develop relationships and provide sellers with certainty and ease of execution. Over their 30+ year banking careers, the principles of MJRL have facilitated loan purchases in excess of one billion dollars.
Loan Parameters:
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Sub-performing and/or non-performing loans
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Our business model involves creatively restructuring the note and provide the opportunity for borrower rehabilitation.
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We are not a "loan to own shop" meaning that our primary source of repayment is not the immediate liquidation of the collateral.
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Collateral types include any income producing property such as retail, office, hotel, multi-family, industrial, mini-storage, mobile home parks.
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Individual loan sizes from $500,000 to $3 million
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Portfolio (Pool) purchases from $1 million up to $25 million.
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No geographic limitations
Originator of Commercial Loans
MJRL originates new loans on transactions that may not fit a traditional bank's underwriting model. As a source of private capital we have the flexibility to provide funds to borrowers whose credit may have been temporarily weakened. Circumstances may cause the borrower to need higher leverage, an expedited closing, or gap financing to work a repositioning plan or reach a liquidity event.
Loan Parameters:
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Collateral types include, but are not limited to, retail, office, hotel, multi-family, industrial, mini-storage.
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We do not loan on land, lots, or ground-up construction.
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Individual loan sizes from $500,000 to $2 million
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Limited geographically to Georgia and contiguous states
Provider of structured debt/preferred equity
MJRL provides funds to be used by companies for Ownership buyouts, Strategic acquisitions, repositioning needs, and other growth opportunities. Often times these opportunities are secured by the working assets and stock of the borrower as opposed to real estate collateral. MJRL's investment is typically structured as mezzanine debt with the option to obtain a preferred equity stake in the operating company. Terms of the debt are tailored to each individual deal.
Loan Parameters:
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Individual loan sizes from $250,000 to $750,000
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Limited geographically to Georgia and contiguous states.
ABOUT US
Founded in 2019, MJRL Capital, LLC (MJRL) is a private investment firm based in Macon, Georgia. The company directly invests across a range of debt and equity opportunities. Debt investments may include first mortgage loan originations secured by various income producing commercial real estate. Equity investments may take the form of preferred equity in both real estate or cash flow/soft asset transactions. MJRL also invests in the purchase of performing and sub-performing loans secured by commercial real estate. The principals of MJRL have transacted over 1 billion in direct loan purchases and/or the financing of purchases for other loan buyers. MJRL has extensive experience in underwriting and performing on site due diligence on all types of income producing properties across the continental US. In addition, we have expertise in analyzing the needs of various operating companys. This knowledge enables our firm to provide funds whose repayment is primarily supported by operating cash flow. Your certainty of execution comes from the company's primary use of their own capital. In every opportunity, we strive to demonstrate professionalism along with flexibility and creative structure. As a client, you will directly interact with our ownership group as we service all of our loans in house.
OUR TEAM
Mel A. Jamison, II
478-219-9518
Mel Jamison is a co-founder of MJRL Capital.
After graduating in 1992 with a BBA & MBA from Mercer University, Mel began his banking career with C&S Bank/Nationsbank where he was trained and then worked as a commercial lender. Mel joined a De Novo Bank in Macon known as Rivoli Bank & Trust where he was the EVP & Senior Lender. Rivoli was acquired by Security Bank in 2006 where he held the positions of Commercial Lending Manager, President of the Bibb County Bank and then Chief Credit Officer of the holding company. Most recently Mel was the Director of the Specialized Finance Group at State Bank before leaving to found MJRL Capital along with his partner Randy Lee.
H. Randolph Lee, Jr.
478-219-9480
Randy Lee is a co-founder of MJRL Capital. Randy earned his BBA in finance from Columbus State University in 1982 and in 1983 he earned his MBA from the University of Georgia. Prior to starting MJRL, Randy spent over 34 years in the commercial banking industry. Most recently Randy was EVP and Regional Credit Officer for State Bank, a five-billion dollar Georgia based community bank. In addition to his roles of credit review and approval, Randy also spent time as manager of production groups in both traditional and specialized commercial lending. Over his career, traditional areas of emphasis included SBA, Commercial Real Estate, and C&I lending. Non-traditional areas included sub-performing/distressed debt acquisition as well as the acquisition of alternative asset-backed loans.
PAST DEALS
MJRL Capital provided mezzanine financing that allowed an entrepreneur to purchase another franchise restaurant location. Our financing was subordinate to a senior lender and carried a warrant to purchase up to a certain percentage ownership in the entity. The warrant provided additional return necessary in a collateral light transaction. In the end, we enabled the borrower to acquire this business with zero money down.
MJRL Capital acquired a matured note from a $5B financial institution. The note was secured by a retail investment property that was less than 50% leased and struggling to meet the monthly obligations. We renewed the noted on an interest only basis which positively impacted the cash flow and gave the borrower time to re-lease the space. As of today, the occupancy is near 100% and the borrowers are well positioned to refinance with a traditional bank. This is a prime example of how our note rehabilitation strategy can work well for both parties.
Individuals and Companies who are in Bankruptcy have proven to be a good source of business for MJRL Capital. We have done several deals where the borrowers were searching for an exit from Bankruptcy or in need of refinancing a balloon note from a previous Bankruptcy. We were able to provide financing for these borrowers who otherwise would not have been able to obtain funding from a traditional bank.
MJRL provided funding that enabled our borrower acquire a defaulted note from a bank and then perform a friendly foreclosure of the asset. The property was an older retail center that had occupancy issues. We extended an interest only loan that gave the borrower some payment relief and time to build back the occupancy. After an 18 month period the borrower was able to sell the building and realize a 30% return after paying off our 1st mortgage debt.
CONTACT
Inquiries
For any inquiries or questions, please call or email us.
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Mel: 478-219-9518 or mel.jamison@mjrlcapital.com
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Randy: 478-219-9480 or randy.lee@mjrlcapital.com
Contact Us
Our Office
MJRL Capital
125 Plantation Center Drive South
Suite 700B
Macon, GA 31210
