S3 Capital closes $49 million construction loan for new townhomes, apartments in Allenhurst

A developer has scored a $49 million construction loan to build a combined 51 luxury townhomes and affordable rental units in the Monmouth County borough of Allenhurst.

S3 Capital lends $255 million for first phase of long-awaited, 1,200-unit Edgewater project

The Maxal Group has closed on a $255 million construction loan for a planned 25-story, 381-unit apartment tower at a long-vacant and well-known parcel along the Hudson River in Edgewater.