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Multifamily

Floating Rate Loan - Refinance

  • $40,500,000
  • 153 Unit Apartment Complex
  • Princeton, NJ

Axiom Capital Corporation announces the closing of a $40,500,000 floating rate loan for the refinance of a 153 unit luxury apartment complex located in Princeton, NJ. Each apartment has an exterior balcony or, at the plaza level, an exterior terrace area, upscale kitchens and baths, in-unit laundry facilities, and floor to ceiling windows. The apartments are in 5 closely-knit buildings that sit atop a single-level parking garage that is built into the slope of the site so that half of the buildings have at-grade direct access to the site. The property has an excellent location just 1.3 miles from Princeton University and a 10-minute walk to the Princeton Shopping Center.