Construction on the Annex isexpected to be completed in April.
KEARNY, NJ—New York City-based Hugo Neu Group has secured atotal of $14.5 million in New Market Tax Credit loans from CapitalOne for its the Annex project at Kearny Point here.
The NMTC loans included a $4-million allocation from the CapitalOne Community Renewal Fund and a $10.5-million allocation from NewJersey Community Capital, which also provided Hugo Neu with a$2.5-million term loan.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
