Invictus Real Estate Partners closes $60m construction loan for mixed-use development

Plainfield, NJ Invictus Real Estate Partners, a New York-based vertically integrated real estate private equity company, and its capital partners closed a $60 million ground-up construction loan for a mixed-use development, The Bishop. Cushman & Wakefield’s Brian Anderson arranged the financing on behalf of Ramani Group, a New Jersey-based developer.

The project includes 266 residential units and 10,000 s/f of ground-floor retail, representing phase 2 of a larger master development positioned in downtown near the NJ Transit station.

“This transaction highlights our commitment to supporting quality sponsors navigating today’s complex market,” said Eric Scheffler, co-founder and managing partner of Invictus Real Estate Partners. “The project’s prime location and the sponsor’s expertise made this an exceptional opportunity.”

Residents will benefit from premium amenities including an outdoor lounge, golf simulator, fitness center, game room, pool, screening room, children’s playroom with dedicated outdoor space, and a pickleball court. Interiors feature high-end finishes throughout.

“By providing flexible ground-up construction financing to developers like Ramani Group, Invictus continues to strengthen its presence in the regional multifamily market,” said Christopher Pardo, co-founder and managing partner. “We tailor financing solutions that go beyond typical bank loans to meet specific project needs.”

The downtown location offers walkable access to local amenities and direct transit connections to major employment hubs. The retail space will support the area’s urban environment and contribute to local economic development.