6A — February 14 - 27, 2020 — M id A tlantic Real Estate Journal


M id A tlantic R eal E state J ournal

O R R I S T O W N , NJ — Last month, CREWNJ created its Group is geared towards commercial real estate professionals age 40 and under CREW NJ welcomes The Next Generation M

develop stronger relationships with other young professionals in the commercial real estate industry, while also learning from the more experienced generations at more intimate events rather than a larger networking setting. For more information, email Courtney Rosenkrantz at crosenkrantz@ newmarkrealestate.com  CPC Mortgage Co., Palladium Management and Westhab announce $9M in Freddie Mac financing New Rochelle, NY — CPC Mortgage Company LLC , a subsidiary of The Community Preservation Corporation (CPC), Pal- ladium Management , and Westhab , an affordable hous- ing and social services provider, announced the closing of a $9 million Freddie Mac Optigo Targeted Affordable Housing loan to refinance 21 Fountain Place, a 52-unit, four-story walk-up building located in New Rochelle. The property will provide rental housing with coordinated social services that will help people transition out of homelessness to stable, permanent, affordable housing. “The opportunity to access high quality housing with sup- portive services will help fami- lies transition to a permanent housing situation, give them the chance to build stability, and get back on their feet,” said John Cannon , president of CPC Mortgage C. “We’re proud to have been able to partner with Westhab and Palladium to help meet the diverse hous- ing needs of the Westches- ter community. As a lender, Freddie Mac’s TAH gives us a product with the terms and pro- cess that’s tailor-made for the unique requirements of afford- able and supportive housing projects like 21 Fountain Place.” “We’re thrilled to be part- nered with Westhab and CPC Mortgage Company in provid- ing safe, affordable housing to the residents of 21 Foun- tain Place. With the steady increase of new multifamily developments in the area, our company feels strongly that projects like 21 Fountain Place provide essential stability and economic diversity to the city of New Rochelle,” said David Roth, principal of Palladium Management. 

first young professionals group called The Next Generation Group of CREW NJ . The group’s committee chairwoman is Courtney Rosenkrantz of Newmark Associates, CRE . The first event was a happy hour held at the Laundromat Bar in Morristown, NJ. The Next Generation Group, which is geared towards commercial real estate professionals age 40 and under, plans to have quarterly events open to CREW NJ members and guests. The main focus of the group is to

Some new members of CREW NJ’s Next Generation Group

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