Meridian’s Ackerman & Sonnenschein arranges $15M in construction financing for The Davenport

June 19, 2018

 

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.

 

READ MORE
 

Please reload

Featured Posts

The Azarian Group signs over seven new leases in recent months

March 11, 2020

1/10
Please reload

Recent Posts
Please reload

Phone: 781.740.2900| Fax: 781.740.2929 

© Copyright 2014 Mid Atlantic Real Estate Journal. All Rights Reserved.