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Mi-Place at Brightmoor Refinancing

Sector: Commercial • Location: Sicklerville, New Jersey, United States

Source: Commercial Observer

Project
Awarded

Fernmoor Homes has secured a $34 million loan to refinance the Mi-Place at Brightmoor, a garden-style apartment community in Sickerville, New Jersey. The loan will be used to retire existing debt, fund an interest reserve, and cover transaction costs, while also supporting the construction costs for a 168-unit expansion of the project.

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Project Information

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The project “Mi-Place at Brightmoor Refinancing” is an infrastructure initiative in the Commercial sector, located in Sicklerville, New Jersey, United States. Taiyo aggregates data on it from Commercial Observer.

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Description

Description

Fernmoor Homes has secured a $34 million loan to refinance the Mi-Place at Brightmoor, a garden-style apartment community in Sickerville, New Jersey. The loan will be used to retire existing debt, fund an interest reserve, and cover transaction costs, while also supporting the construction costs for a 168-unit expansion of the project.

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