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FREEHOLD, NJ-Attorney Jonathan Hornik has launched a private lending firm, Navesink River Capital, offering real estate financing of $75,000 to $2 million. The firm, which provides financing for all commercial real estate property types, has already closed on three loans, according to Hornik.

He decided to set up the firm after private lenders put the brakes on new loans following the economic recession and real estate market downturn. “Most private lenders became work-out shops,” said Hornick, a two-term mayor of Marlboro in Monmouth County.

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