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BLOOMFIELD, N.J. — CBRE's Capital Markets' Debt & Equity Finance group has secured $47.5 million in construction financing on behalf of Prism Capital Partners LLC for The Parkway Lofts at Watsessing Station, a 361-unit redevelopment in Bloomfield. U.S. Bank provided the loan, which is for a three-year term with a single one-year extension. Prism plans to convert a 365,000-square-foot warehouse building into loft-style apartments. Phase II of the build-out will include a high-density residential village with 150 townhomes.