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301 Sicklerville Road
FINANCED

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

301 Sicklerville Road

Development Site
clock iconFinanced 59 days ago
Cassandra Russell
Matthew (Matt) Klauer
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Summary

Loan
NEW JERSEY
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.

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Cassandra Russell's profile picture
Cassandra Russell
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Associate Vice President

Details

Deal Summary
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FINANCED
IMAGE: Cassandra Russell & Matthew Klauer DATE: 04/26/2024 ADDRESS: 301 Sicklerville Road MARKET: Winslow Township ASSET TYPE: Development Site LENDER: Loren Berger - Argentic Investment Management LLC LANDLORD: Jeffrey Fernbach - Fernmoor Homes BROKERS: Cassandra Russell & Matthew Klauer - CBRE (@CBRE) LOAN AMOUNT: $29,000,000 LOAN TYPE: Bridge Loan LOAN TERMS: 3 year NOTE: CBRE arranged a $29 million bridge financing deal for the refinance of Fernmoor Homes' Mi-Place at Brightmoor in Winslow Township, a Class A multifamily project comprising 144 units. The three-year bridge loan, provided by an entity managed by Argentic Investment Management LLC, supports the development of Phase I of Mi-Place at Brightmoor, which will include six garden-style buildings with amenities like a clubhouse, pool, fitness center, and expansive green space, reflecting Fernmoor's commitment to elevated living experiences.

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Address301 Sicklerville Road

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