facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
FINANCED
$120,000,000
Ron Moelis
DD

New Jersey

See Similar Deals
Development Site
Financed 03/18/2025
the dealplayerscompscontact
Property Image
FINANCED

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

83 Central Avenue

See Similar Deals
Development Site
Financed 03/18/2025
Ron Moelis
DD
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Development Site
Transaction Type:Loan

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.

Players

Merchants Bank
Merchants Bank
LENDER
Merchants Capital
Merchants Capital
LENDER
Merchants Bank
Merchants Bank
LENDER
Ron Moelis
Ron Moelis
5 deals$261.7M volume
LANDLORD
DD
David Dishy
4 deals$502.1M volume
LANDLORD

Details

FINANCED
IMAGE: Michael Milazzo, David Dishy & Ron Moelis DATE: 03/18/2025 ADDRESS: 83 Central Avenue MARKET: Newark ASSET TYPE: Development Site LENDER: Michael Milazzo - Merchants Capital (@MerchantsCapital); Merchants Bank (@Merchants.Bank) LANDLORD: David Dishy & Ron Moelis - LMXD; Siree Morris - MCI Collective LOAN AMOUNT: $120,000,000 LOAN TYPE: Construction NOTE: Merchants Capital arranged $120 million in financing for Museum Parc, a 250-unit mixed-income development in downtown Newark, NJ, co-developed by LMXD and MCI Collective. The financing includes a $58 million Freddie Mac LIHTC Forward loan and a $62 million construction loan from Merchants Bank.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$120,000,000.00

Monthly NOI$800,000.00
Monthly Debt Service$758,481.63
Change in Cash Flow$0.00
Refinance Proceeds$0.00