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301 Sicklerville Road

Updated Oct 14, 2026

CBRE Arranges $29M Bridge Loan For Fernmoor Homes' Winslow Township Development Site
FINANCEDDevelopment Site

CBRE Arranges $29M Bridge Loan For Fernmoor Homes' Winslow Township Development Site

301 Sicklerville Road

$29,000,000

Units

144

Asset Type

Development Site

Closing

Apr 26, 2024

About this deal

AI

The $29 million bridge financing deal arranged by CBRE supports the refinance of Fernmoor Homes' Mi-Place at Brightmoor in Winslow Township. The property, located at 301 Sicklerville Road, is a Class A multifamily project comprising 144 units. The three-year bridge loan was provided by an entity managed by Argentic Investment Management LLC, under the ownership of Jeffrey Fernbach.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $29,000,000
  • Address: 301 Sicklerville Road
  • Market: Winslow Township
  • Lender: Loren Berger - Argentic Investment Management LLC
  • Landlord: Jeffrey Fernbach - Fernmoor Homes
  • Brokers: Cassandra Russell & Matthew Klauer - CBRE

Cassandra Russell and Matthew Klauer from CBRE played a crucial role in securing the $29 million bridge loan for the development of Phase I of Mi-Place at Brightmoor. This financing deal reflects Fernmoor's dedication to providing upscale living experiences, with amenities such as a clubhouse, pool, fitness center, and expansive green space within the six garden-style buildings.

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$29,000,000

Development Site

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Players

Matthew Klauer

CBRE

Broker

$908.8M

vol

10 deals

Broker
Argentic Real Estate Investment
Argentic Real Estate InvestmentLender

Sicklerville Development Site Market Snapshot

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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