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Transactions -
Mezzanine and Equity
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Somerset Estates
Somerset, NJ
$6,750,000
Mezzanine Financing |
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Located at 271 Franklin Boulevard, the property is an apartment complex with more than 339,000 square feet.
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Built in 1955, the community has 395 one-, two-, and three-bedroom units located within 57 two-story buildings.
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The property is near SR-18, I-287, and I-95, along with several public transportation options, providing easy access to Newark, Philadelphia, and New York City.
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The Sponsor plans to complete several capital improvements to the individual units, including upgrades to both the kitchens and the bathrooms, and will also include the conversion of some two-bedroom units to three-bedroom units.
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The opportunity was sourced through Emmet Delany of Capital & Venture Resources.
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Shops at Sycamore Creek
Corona, CA
$8,100,000
Mezzanine Financing |
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The Shops at Sycamore Creek is a grocery-anchored retail development project with more than 93,000 square feet.
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Located at the intersection of De Palma Road and Indian Truck Trail, the property is adjacent to the Interstate-15 interchange providing excellent access to the surrounding areas.
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The property has already begun leasing the property and has lined up a variety of national and regional retailers, including Vons, CVS, Happy Nails, and Wells Fargo.
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The opportunity was sourced through Buchanan Street Partners.
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Structured
Finance
Industrial
Fund
Mezzanine
and Equity
Portfolio
Distribution
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