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

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.