Floating Rate Loan

Axiom Capital Corporation announces the closing of a $21,140,000 permanent loan for the acquisition of two newly constructed apartment buildings located in Garfield, NJ.  The subject property consists of 102 units and upon completion will be part of a larger luxury apartment community located on approximately 13.13 acres consisting of townhouses, a shared common area/clubhouse, swimming pool, and fitness center.  The community is 17 miles from Manhattan, NY with immediate access to mass transit and major highways.