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LCOR secures $49M Bloomfield Ave. construction loan

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LCOR announced today it has secured a $49 million construction loan for its redevelopment plan on Bloomfield Avenue.

According to the announcement, LCOR closed on construction financing for its 304,271 sq. ft. mixed-use project at 638 Bloomfield Ave. in Montclair. LCOR secured a construction loan for over $49 million from Wells Fargo for the site which broke ground on November 12

Write to the Editorial Department at editorial@njbiz.com

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