Continental Properties Secures $49.7M Construction Loan From Truist Bank For Highgate Project In Livingston, NJ

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.