Floating Rate Loan
- $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.