PRESS RELEASE: Mark Scott's Commercial Mortgage Capital Secures $26.5M Self-Liquidating Loan for Whiton Hills at Branchburg

LIVINGSTON, NJ – Mark Scott’s Commercial Mortgage Capital (CMC), a leader in real estate finance that arranges permanent, construction and mezzanine loans for a wide range of commercial properties including multifamily, office, retail, industrial and healthcare facilities primarily in New York, New Jersey and Connecticut, announced that it recently closed a $26.5-million loan for a 10-building, 276-unit multifamily complex located in Neshanic Station, NJ.

“We identified a life company source of 30/30 very competitively priced self-liquidating money,” said Mark Scott, founder and president of Commercial Mortgage Capital. “Being in touch with the capital markets every day allows us to find the best loan product for our borrowers’ appetite.”

The luxury apartment community, also known as Whiton Hills at Branchburg, includes 33 one-bedroom units, 27 two-bedroom homes and 12 three-bedroom residences. The well-maintained property nestled in a park-like setting in Branchburg Township features hardwood floors, modern kitchens, washers/dryers in each unit and a balcony or patio, as well as a playground and tennis court.

Branchburg Township is centrally located with access to major roadways and highways. U.S. Route 202 and U.S. Route 22 travel through the township with easy access to Interstate 78, Interstate 287 and Route 206, enabling residents to travel to New York City and Philadelphia within one hour. In addition, Newark Liberty International Airport is located around 35 miles northeast of Branchburg. Also within driving distance are Lehigh Valley International Airport, JFK International Airport and La Guardia Airport in New York, as well as the Trenton-Mercer Airport near Trenton and Princeton in Mercer County.

 

 

TAGS: Lending