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Multifamily

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.


diligence.
innovation.
execution.
Contacts

Charles Cronin - President
518-472-4000 ext. 204
axiom@axiom-capital.com

Andrew Kleinberg - Partner
917-710-1505
ajk@axiom-capital.com

Michael S. Del Vecchio - VP of R.E. Finance
518-472-4000 ext. 230
mdv@axiom-capital.com