Facebook Twitter LinkedIn Google Plus RSS

Real estate finance company closes on $94M loan

By ,

A Livingston-based real estate finance firm announced Monday that it has closed on a $94 million permanent loan for an office building in Connecticut.

Commercial Mortgage Capital, which arranges permanent, construction and mezzanine loans for commercial properties, said in a news release it had worked out the deal for the 365,866-square-foot i.Park Norwalk building, located on a 30-acre campus in Norwalk, Connecticut.

 “The property boasts a phenomenal roster of long-term, credit tenants,” Mark Scott, founder and president of Commercial Mortgage Capital, said in the release. “We were able to secure a favorable rate for our client and have seen a substantial upswing in the market – particularly for well-located office, multifamily and industrial assets. We expect transaction volume to continue growing at a favorable pace as we move further into 2014.”


With new N.J. headquarters, Marathon Data renews focus on growing state’s tech sector

Cold beer here: New regulations have helped spark an explosion of new breweries in the state

Report: Bakery company's $32M expansion would bring 100 new jobs to Vineland

More From This Industry

Eric Strauss

Eric Strauss

Eric Strauss is the digital content editor for NJBIZ. He has been a reporter and editor for newspapers in New Jersey and Pennsylvania, as well as for a number of websites. You can contact him at erics@njbiz.com.

Leave a Comment


Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
View Comment Policy


Subscribe to Our Newsletters!
Click Here to Subscribe for Free Now!