Axiom Capital Corp has structured and arranged a $16,625,000 permanent loan for the acquisition of a 18,728 square foot mixed-use building and a 33 unit 55+/active adult apartment complex located in Old Bridge, Middlesex County, New Jersey. The Properties are being purchased as part of a two-property portfolio.
The properties are highly accessible, both are less than a 5-minute drive to US-9, as well as a 10-minute drive from Route-18. The first property consists of a three-story (elevator service), mixed-use building with surface parking situated on 3.51 acres that includes 27 apartments and ground floor commercial space. The second property consists of a two-story (elevator service), apartment building with surface parking situated on 2.80 acres that includes 33 apartments.