Axiom Capital has structured and arranged a $20,500,000 construction loan for a fully approved Class A, 90-unit mid-rise apartment community located in Morris County, Dover, New Jersey.

The property will contain 90 units over 76,866 net rentable square feet, for an average unit size of 854 square-feet. The property also features approximately 3,000 square feet of interior amenity space (i.e. fitness center and café/lounge), and approximately 5,000 square feet of exterior amenity space (i.e. courtyard and rooftop deck). Four stories of apartments will sit on a two-story parking garage, featuring 117 resident parking spaces for a parking ratio of 1.3 spaces/unit. The property is located 0.4 miles from the Dover train station, just 2 blocks from JFK Park and has direct access to New York Penn Station.