AT A GLANCE
570 Sylvan Avenue
Englewood Cliffs, NJ 07632
Year founded: 1995
Number of banking or lending professionals involved in New Jersey commercial real estate: 11
Areas of expertise in commercial real estate: Real estate lender focused on ground-up and value-add opportunities within 100 miles of NYC.
OUR CLIENTS
We work with a diverse range of borrowers, including both emerging developers and well-capitalized teams. Whether you are just starting out in the industry or have a seasoned team, we are here to provide the financial support and expertise you need to succeed. Our tailored lending solutions are designed to help you achieve your project goals, no matter the size or scope. We are committed to partnering with borrowers who are passionate about their projects and dedicated to achieving excellence.
OUR ADVANTAGE
At our company, we pride ourselves on being more than just lenders. We offer a unique hands-on management approach, providing another set of experienced eyes to ensure your projects are completed on time and on budget. Our commitment to personalized service and meticulous oversight means we are with you every step of the way, helping to mitigate risks and maximize the success of your investments. Choose us for a partnership that goes beyond financing, offering comprehensive support and expertise to drive your projects forward efficiently and effectively.
PROJECT SPOTLIGHT
One of our standout solutions was providing late-stage financing for the Paris Square project in Northvale, NJ. This development was initially approved for 88 units, including 45 apartment flats and 43 townhouse-style units. While the 45 apartment flats were sold out, and 16 of the townhouse units were completed and either sold or rented, the project faced challenges in completing the remaining units.
To address this, we stepped in with a creative financing solution that allowed the developers to pivot their plans. Instead of the original 23 townhouse units, the plan was revised to build 46 apartment flats in three three-story buildings. Our financing enabled the completion of these additional units, ensuring the project’s viability and success.
More than just financing, we helped the developer source a local builder (Ray Reduce Development), the top local leasing/sales team (Anne Van Dyke – Coldwell Banker) and a new marketing/social media team (Web Correctly) who all contributed to the project’s success.
Ultimately, Paris Square consisted of 111 units: 91 apartment flats across five three-story buildings and 20 two-story townhouse units in four buildings, plus a clubhouse. This creative and adaptive financing approach not only salvaged the project but also enhanced its overall value, demonstrating our commitment to finding tailored solutions for our clients.
