WILLINGBORO, NJ–Eastern Union Funding arrangeda $46.6 million loan for The Avery, a rapidlyexpanding townhome community here being developed by RobertWeiss of Weiss properties.
The project, planned for a total of 450 units, is located at 10Lincoln Square.
Shaya Ackerman of Eastern Union brokered arevolving $40 million construction loan with an additional $6.6million earn-out loan. Since construction will occur over fourphases, Ackerman negotiated a structure allowing each completedphase to automatically convert to a full permanent loan.
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