Carlton Closes Land Acquisition Loan On To Be Built 400 Multi-Unit Apartment Complex in NJ

Carlton Group Chairman Howard L. Michaels has announced the closing of a land and pre-development loan to facilitate the development of 400 apartments totaling 600,000 sf and spread over 7 acres.  The project will have a super-amenity package including a pool, clubhouse along with retail.

 

The transaction underscores Carlton’s excellent relationship with balance sheet lenders and contributes to the more than $6 billion of development equity and debt raised by Carlton in the last two years.

 

For additional information on Carlton’s capital raising services please feel free to us.

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