(To read more on the multifamily market and the debtand equity markets, click here.)
EDGEWATER, NJ-Developer Roncati/FKF has picked up $21.6 millionin construction funding for a new luxury condo project here. Headedby Conrad Roncati, a principal of the locally based residentialdesign and construction firm Design Group Architectura, the10-story project dubbed the Aventine will add 34 units to themarket.
The two-year construction loan was arranged for the borrower byTom Didio, senior managing director in the Florham Park, NJ officeof Holliday Fenoglio Fowler. The funding was provided by CommerceBank, and further terms were not released.
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