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Outside The Region
Posted: January 14, 2025
NewPoint provides $17.75 million bridge loan for multifamily acquisition
Somerset, NJ NewPoint Real Estate Capital’s has completed a $17.75 million bridge-to-HUD loan for Brentwood Park, a 77-unit multifamily property. This deal showcases NewPoint’s ability to deliver fast, tailored financing, closing in under 60 days to meet the sponsor’s needs. Brentwood Park, built in 2023, features modern apartments, on-site amenities, and a location near New Brunswick’s renowned healthcare and biotech hub.
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Outside The Region
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Kasowitz gets dismissal of lawsuit against developer of American Dream Mall
East Rutherford, NJ Kasowitz, on behalf of the developer of the American Dream mall and its affiliates (the American Dream defendants), has secured the dismissal of state litigation brought by the project’s successor junior
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