Madison Realty Capital Lends $68M on NJ Multifamily Development

Accordia Realty Ventures and Eastone Equities have landed a $67.5 million loan from Madison Realty Capital (MRC) for a transit-oriented multifamily project in Harrison, N.J., Commercial Observer can first report.

MRC’s financing will be used to acquire and complete an existing 205-unit multifamily development and also purchase a neighboring site that is approved for a further 435 multifamily units.

The two sites sit along Frank E. Rodgers Boulevard in Harrison, next to the recently reopened PATH train station, which recently underwent a $35 million renovation.

Read more: https://commercialobserver.com/2018/11/madison-realty-capital-lends-68m-on-n-j-multifamily-development/

Related posts

Apparel company leases 203,000 sq. ft. warehouse in South Brunswick

By Steve Lubetkin An apparel company has leased an entire 203,488-square-foot warehouse and...

Continue reading

Developers eye spring opening for 205-unit project in Harrison

By Joshua Burd A joint venture is nearing completion of more than 200 new apartments in...

Continue reading

HFF arranges recapitalization of Greenbrook Executive Center

February 12, 2019 11:51 am Holliday Fenoglio Fowler LP announced it has arranged the...

Continue reading

Join The Discussion