The Vinty is to be developed at the corner of Union and W. Grand streets in West Elizabeth, NJ. The Vinty is to be developed at the corner of Union and W. Grand streets in West Elizabeth, NJ.

WEST ELIZABETH, NJ—The developers of the Vinty mixed-use project here has secured $77.75 million in financing for the venture.

Brokerage firm JLL worked on behalf of LeCesse Development Corp. and MAS Development Group to secure a $55-million construction loan through Citizens Bank and Lakeland Bank for the Vinty. JLL also reports that the developers also secured preferred equity from Marble Capital, LP. Proceeds will fund the ground up development of the project that calls for 267 residential units and 37,000 ground feet of retail space.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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