PCCP ARRANGES $30M SENIOR LOAN FOR DELAWARE PROPERTY

WILMINGTON, DEL. — PCCP has arranged a $30 million senior loan for the recapitalization of Justison Landing, a 241-unit apartment property at 321 Justison St. in Wilmington. Buccini-Pollin Group constructed the property in 2008 along the Christina River. The borrower is a joint venture led by New York City-based AllianceBernstein U.S. Real Estate Partners.