CMC ARRANGES $28.5 MILLION MULTIFAMILY LOAN

by admin

UNION COUNTY, N.J. — Commercial Mortgage Capital (CMC) has arranged $28.5 million in permanent financing for a multifamily project currently under construction in Union County. When complete, the four-story apartment building will contain 159 units in a mix of 81 one-bedroom residences and 78 two-bedroom residences. Currently, 63 units have been completed and are all leased. CMC's Mark Scott arranged the loan through Wells Fargo on behalf of the undisclosed borrower.

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