Mi-Place-Brightmoor-Winslow-New-Jersey

CBRE Arranges $29M Loan for Refinancing of Southern New Jersey Apartment Complex

by Taylor Williams

WINSLOW TOWNSHIP, N.J. — CBRE has arranged a $29 million loan for the refinancing of Mi-Place at Brightmoor, a 144-unit apartment complex in Winslow Township, about 30 miles south of Philadelphia. The garden-style property consists of six buildings that house one-, two-and three-bedroom units. Amenities include a pool, fitness center and a resident clubhouse. An entity managed by Argentic Investment Management provided the three-year loan to the borrower, Fernmoor Homes, which is also planning additional phases for a total of 312 units. Matthew Klauer and Cassandra Russell arranged the debt.

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