Cole Schotz Represents Procida Funding in $39 million Construction Loan for Luxury NJ Apartment Complex
Cole Schotz P.C. represented Procida Funding in connection with a $39 million construction loan for The View at Middlesex, a new 200-unit luxury apartment building located in Middlesex County.
The loan will finance the building located at 220 and 232 Lincoln Boulevard in Middlesex Borough, constituting a five-story, 255,000-square-foot building with 140 one-bedroom units and 60 two-bedrooms. The Cole Schotz team included members Leo Leyva and Rab Nalavala, associate Jennifer Chung and paralegal Basira Miah. Procida Funding is a New Jersey-based commercial real estate lender.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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