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CBRE: Kontos Group snags $18 million bridge loan for new 57-unit Roselle Park rental project – Real Estate NJ
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CBRE: Kontos Group snags $18 million bridge loan for new 57-unit Roselle Park rental project – Real Estate NJ
140 West Webster Ave. in Roselle Park — Courtesy: CBRE By Joshua Burd A developer has landed $18 million in bridge financing for a new 57-unit luxury apartment building in Roselle Park, according to a debt placement team with CBRE. The borrower, The Kontos Group, will use the loan to support its lease-up of what’s known as Veranta after recently completing the property at 140 West Webster Ave. Ladder Capital provided the financing for the mix of…
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