Prime City Secures $7.5 Million in Construction Financing for 20 Third Avenue Apartment Community in Long Branch, New Jersey
HOBOKEN, NJ - Prime City, a vertically integrated, private real estate company, has just closed on a $7.5 million construction loan for the development of a four-story, 31-unit apartment community in Long Branch, New Jersey. Manasquan Bank provided the 2- year floating rate loan. The project began demolition of the existing building in February and will host an official groundbreaking ceremony in April. Located at 20 Third Avenue, the development will be built on a half-acre site, offering...
Source: multifamilybiz.com