FINANCED
Continental Properties Secures $49.7M Construction Loan From Truist Bank For Highgate Project In Livingston, NJ
34 South Livingston Avenue Ste 2A
Development Site
Financed 315 days ago
Summary
Loan
NEW JERSEY
Development Site
Continental Properties has obtained a $49.7 million construction loan from Truist Bank for Highgate, a luxury multifamily apartment development located at 34 S Livingston Ave Ste 2A in Livingston, New Jersey. The development site is set to set a new standard for quality and amenities in the area, catering to a discerning market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $49,700,000
- Lender: Truist Bank
- Landlord: Continental Properties
- Brokers: Michael Gigliotti & Matthew Pizzolato - JLL
The loan provided by Truist Bank will support the construction of Highgate, a luxury multifamily apartment development. The project aims to meet the demands of a discerning market in Livingston, New Jersey. With the loan terms being floating-rate, Continental Properties can proceed with the development and ensure its success.
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All
4
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2
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1
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1
Details
FINANCED
IMAGE: Michael Gigliotti & Matthew Pizzolato
DATE: 06/21/2023
ADDRESS: 34 S Livingston Ave Ste 2A
MARKET: Livingston
ASSET TYPE: Development Site
LENDER: Truist Bank
LANDLORD: Continental Properties (@ContinentalPropertiesCo)
BROKERS: Michael Gigliotti & Matthew Pizzolato - JLL (@JLL)
LOAN AMOUNT: $49,700,000
LOAN TYPE: Construction Loan
LOAN TERMS: floating-rate
NOTE: Continental Properties has obtained a $49.7 million construction loan from Truist Bank for Highgate, a luxury multifamily apartment development in Livingston, New Jersey. The project aims to set a new standard for quality and amenities in the area, catering to a discerning market.View on map
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Address34 South Livingston Avenue Ste 2A
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