Meridian’s Ackerman & Sonnenschein arranges $15M in construction financing for The Davenport
SOMERVILLE, NJ — Meridian Capital Group arranged $15 million in construction financing for The Davenport, a multifamily property in Somerville, on behalf of developer Robert Weiss of Weiss Properties. Located at 21 Davenport St., The Davenport will feature four stories with 60 one- and two-bedroom luxury rental units. With direct access to major highways and a plethora of shopping and dining in the area, the property will attract young professionals looking for a new, modern, and easily accessible place to live. Communal amenities will include a recreational area, a state-of-the-art fitness center, storage lockers, and a common-area lounge. In addition to retail shops and high-end dining, Somerville has one of the best education systems in the state, having been awarded the District of Distinction and Best Practice Award.