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Commercial Mortgage Capital arranges $48.5 million in construction financing for new apartment in Ne


LIVINGSTON, NJ — Mark Scott, of Commercial Mortgage Capital (CMC), has structured and closed $48.5 million in construction financing for Phase II of Southgate at Middletown. Phase II of Southgate at Middletown is comprised of 201 luxury apartments and follows the highly successful and fully leased 108 luxury apartment units of Phase I, completed in 2017. Middletown is located in Orange County, NY. The subject property is located .25 mile north of I-84; .25 mile west of Route 17M, and .5 mile north of US Route 6/CR-56 or midway between the New Jersey border and Newburgh, New York. Since its inception in 1996, Commercial Mortgage Capital (CMC) has been a leader in real estate financing. n

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