HFF arranges $33m construction loan.The New Jersey office of Holliday Fenoglio Fowler, L.P. arranged a $33.3 million construction financing for Covington Village, a 360-unit, to-be-built, active-adult condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. community in Lakewood, New Jersey. Senior managing director Jon Mikula and director Jim CadraNell worked on behalf of Covington Village at Lakewood, L.P. to secure the two-and-one-half-year, floating-rate loan. Covington Village at Lakewood, L.P is a New Jersey Limited Partnership. The general partner of the borrower is residential real estate developer, Matzel Development. Financing was arranged with the New Jersey office of Wachovia Bank's Real Estate Financial Service Group. Covington Village is located on Locust locust, in botany locust, in botany, any species of the genus Robinia, deciduous trees or shrubs of the family Leguminosae (pulse family) native to the United States and Mexico. Avenue in Lakewood Township Lakewood Township may refer to:
n. A subdivision or neighborhood, often surrounded by a barrier, to which entry is restricted to residents and their guests. will include twelve, three-story buildings with 144 one-bedroom/one bath, 72 one--bedroom/one-bath with den, and 144 two-bedroom/two-bath units. |
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