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Commercial Mortgage Capital closes $31 million in loans

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Livingston-based Commercial Mortgage Capital announced Thursday it has recently closed $31.6 million worth of loans, according to a release.

The six most recent multifamily transactions that closed were:

  • $11 million permanent first mortgage loan for a three-story, 120-unit luxury apartment complex comprised of five buildings at The Crossing at Ewing;
  • $9.75 million, 10-year first mortgage refinance for the Wellsbrook 11-building luxury garden apartment and townhouse development in Neptune;
  • $4 million, 10-year first mortgage refinance for Parkside Court Apartments, a two-building garden apartment complex with 96 units in Ewing;
  • $2.6 million first mortgage, bank refinance for a two-building, 14-unit garden apartment complex in Palisades Park;
  • $2 million, 10-year refinance bank loan for Brittany Apartments, a 47-unit garden apartment in Elizabeth;
  • $2 million, 10-year first mortgage refinance bank loan for a three-story, 6-unit luxury apartment building in Roselle Park.

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