Livingston, NJ—Mark Scott’s Commercial Mortgage Capital (CMC) has closed a series of loans throughout New Jersey for a combined total of $31.6 million.
These deals include:
- An $11.0 million permanent first mortgage loan for The Crossings at Ewing in Ewing, N.J., a three-story, 120-unit luxury apartment complex comprised of five buildings on more than 12 acres. Containing a mix of one- and two-bedroom units, the property is located in close proximity to the Hamilton and Princeton Junction train stations, allowing easy access to New York City or Philadelphia.
- A $9.8 million, 10-year first mortgage refinance for luxury garden apartment and townhouse development Wellsbrook in Neptune, N.J. The 11-building complex contains 82 two-bedroom units and is in close proximity to the Garden State Parkway and Interstate 95.
- A $4.0 million, 10-year first mortgage refinance for Parkside Court Apartments located in Ewing. The two-building garden apartment complex contains a total of 96 residential units and is located 35 miles northeast of Philadelphia.
Additional transactions include $2.6 million for a two-building garden apartment complex in Palisades Park; $20 million for a 47-unit, fully lease garden apartment in Elizabeth; and $2.0 million for Paradise Apartments, a three-story, six-unit apartment building in Roselle Park.