22A — May 15 - 28, 2015 — M id A tlantic
Real Estate Journal
www.marejournal.com
F inancial D igest ConnectOne Bank provides financing for construction of 24 Lanning Blvd. Mark Scott’s CMC arranges $16.5 million new construction loan for The Woods East Windsor
E
A S T W I ND S OR , NJ — Mark Scott ’s Commercial Mort-
gage Capi- tal (CMC) , a leader in real estate finance that a r r a n g e s permanent, construction and mezza- nine l oans
Mark Scott
for a wide range of commercial properties including multi- family, office, retail, indus- trial and healthcare facilities primarily in New York, New
The Woods East Windsor rendering
Jersey and Connecticut, an- nounced that it recently ar- ranged a $16.5 million new construction loan for Sterling Properties. Financing was provided by ConnectOne Bank for the construction of The Woods East Windsor, located at 24 Lanning Blvd. in East Windsor. The state’s newest 55-plus apartment community will contain 86 meticulously craft- ed one and two-bedroom resi- dences, along with a 3,081 s/f state-of-the-art clubhouse that features billiards, a fit- ness studio and clubroomwith kitchen. Conveniently located just off of Rte. 571 in Mercer County, NJ, the rental community features a secured entry with elevator access, five dramatic home designs from which to choose, an outdoor swimming pool, a dog park, community garden and walking paths. The luxury community is lo- cated near recreational parks, shopping and top rated golf courses, and is easily acces- sible to major highways, in- cluding the NJ Turnpike, I-95 and Rte. 33. It is also less than one hour from Newark Inter- national Airport and just over an hour from Philadelphia International Airport. n Federal Capi tal Partners provides $4.75 million in mezzanine financing CHEVY CHASE, MD — Federal Capital Partners (FCP) has announced the clos- ing of a $4.75 million mezza- nine loan for the development of the 171-unit 104 Dartmouth apartment community, located within the 2 million s/f, mixed- use North Hills development in Raleigh, NC. n
RECENTLY CLOSED TRANSACTONS
Construction Loan
Construction Loan
East Windsor, New Jersey $16,500,000 86 Age-restricted Units
Edgewater, New Jersey $72,500,000 128 Luxury Condominiums
SUB 4% 25 and 30 year loans available now! LOCK IN!
Construction Loan
Loan Assumption and Acquisition
Yonkers, New York $14,000,000 96 Apartment Units Roselle Park, New Jersey $9,000,000 119 Apartment Units Financing solutions from $500,000 to over $500 million. For more info call 973.716.0006 or visit us online at www.newcommericalmortgage.com
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