Merchants Capital Provides $120 Million Construction Loan For Development Site In Newark

The asset involved in this transaction is a development site located at 83 Central Avenue in Newark. The loan amount secured was $120,000,000.00 for construction purposes.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $120,000,000.00
• Lender: Merchants Capital
• Landlord: David Dishy & Ron Moelis - LMXD; Siree Morris - MCI Collective
• Loan Type: Construction
• Loan Date: 03/18/2025

This transaction involved key individuals such as David Dishy and Ron Moelis, representing LMXD, along with Siree Morris from MCI Collective, who played significant roles as landlords in this development site deal.