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PNC Provides Construction Loan on Luxury Belmar Apartments
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PNC Provides Construction Loan on Luxury Belmar Apartments
Cushman & Wakefield arranged construction financing on behalf of Russo Development for the ground-up construction of Mara by Vermella, a 198-unit luxury multifamily community to be located at 800 River Rd. in the coastal community of Belmar, NJ. An Equity, Debt & Structured Finance team of John Alascio, Chuck Kohaut and Meredith Donovan arranged the financing. PNC Bank provided the loan. Terms were not disclosed. “Russo’s sterling reputation, c…
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