CBRE Capital Markets arranges financing for 200 unit apartment community in Monmouth County, NJ

Monmouth County, NJ — CBRE Capital Markets’ Debt & Structured Finance team has arranged $40 million in permanent financing for a newly constructed apartment community in Monmouth County. The property features 200 units and is one of the premier new multifamily developments in the region.

The CBRE Debt & Structured Finance team of Matthew Pizzolato and Josh Stein facilitated the loan from MF1 on behalf of the borrower.

“We’re proud to have supported our client in obtaining financing for one of Monmouth County’s most impressive new residential communities,” said Pizzolato. “Despite current challenges in the interest rate environment, demand from the debt capital markets remains strong for well-located multifamily assets backed by strong sponsors.”