FC1A — November 9 - 22, 2018 — Mid Atlantic Real Estate Journal F inancial D igest F eaturing T he L ender ’ s D irectory Kaplan Companies was the borrower Nevins of NorthMarq Capital’s NJ regional office arranges $38M refinance of Camelot at Cinnaminson www.marejournal.com www.marejournal.com Mid Atlantic Real Estate Journal — November 9 - 22, 2018 — Section D


I N N AM I N S O N , NJ — Gary Cohen , managing director

and Marc Nevins , in- v e s t m e n t ana l ys t at NorthMarq C a p i t a l ’ s N e w J e r - sey regional o f f i c e , a r - ranged the

Marc Nevins

HI-LIGHTS NOVEMBER 9 - 22, 2018 $38 million refinance of Camelot at Cinnaminson, a 405-unit multifamily prop- erty located at 198 Camelot DUQUESNE COMM’L. FUNDING SECURES $16M IN COMM’L. LOANS

198 Camelot Court in Cinnaminson, NJ

Court in Cinnaminson, NJ. The permanent fixed rate loan was structured with a fully amortizing 30-year term. NorthMarq arranged financ- ing for the borrower, Kaplan Companies , through its cor-

respondent relationship with a life insurance company. “Kaplan Companies is a full service real estate invest- ment and development com- pany active in the residential, commercial and construc-

tion business in and around New Jersey,” said Cohen. “NorthMarq was hired by Kaplan to arrange long term financing and we were suc- cessful in arranging a 30-year self-amortizing loan with a

national life company. The interest rate was set in the beginning of May enabling the borrower to lock in favor- able terms months before their existing loan was open to prepayment.” 

Gunning, Falzarano and Saviano of CBRE’s Debt & Structured Finance team negotiate $19.5 million

SOUTH BRUNSWICK, NJ — CBRE has secured a $19.5 million loan for a

soon-to-be- completed, 305,598 s/f warehouse/ i ndu s t r i a l facility lo- c a t e d a t 2270 Route 130 in South Brunswick. Through an e x t e n s i v e and compet- i t i ve mar - keting cam- paign, CBRE arranged the loan on be- half of 2270 Rout e 130 LLC. J a m e s


James Gunning

Lender’s Directory SPOTLIGHT


marketing effort ensures bor- rowers are benefitting from the most attractive terms available. Situated in the heart of South Brunswick, the entire warehouse facility has been leased to Lasership. The location off of Route 130 al- lows the tenant to serve the New England and northeast 2270 Route 130 in South Brunswick, NJ

Donna Falzarano

financing. Recognizing the borrow- er’s preference for long-term ownership, CBRE completed a targeted campaign, and secured an aggressive quote from Principal Real Estate Investors for a 20-year term. Lenders’ appetites for indus- trial product remain strong and completing a thorough

markets more effectively. The building has 40-foot clear- ance, 46 dock doors and 68 trailer parking spaces. Locat- ed almost halfway between New York City and Philadel- phia in a market that boasts a 1.5 percent vacancy rate, the property offers direct access to both Route 1 and the New Jersey Turnpike. 

Gunn i ng , D o n n a Falzarano a n d Ky l e Saviano of CBRE’s Debt &Structured Finance team negotiated the Kyle Saviano

www.marejournal.com 16-IBC-D Southern NJ Chapter

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