Drew Capital arranged a $70 million non-recourse loan for Cosmo 440, a 216-unit multifamily property in Newark. This financing is part of multiple stages of redevelopment for the property. The loan will facilitate the next phase of the project's capital needs. Dwight Mortgage Trust provided the financing.
Company Information
Company
Cosmo 440
Location
Waterford Township, New Jersey, United States
About
Drew Capital is a full-service commercial real estate finance firm based in Jackson, NJ. Founded by Akiva Drew, the company arranges financing across the full life cycle of real estate assets, including construction, transitional and stabilized financing for multifamily, retail, office, and industrial properties. Drew Capital combines capital markets expertise with a detailed understanding of each client's business plan to structure and execute financing for complex transactions.
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