In: Recently Closed Loans

1. HOLIDAY INN EXPRESS AND SUITES

  • Purpose: To construct a new hotel for HOLIDAY INN EXPRESS AND SUITES
  • Project Address: Bordentown, NJ 08505
  • Total Project cost: $12,124,000.00
  • Bank: $6,062,000.00
  • CDC: $4,277,000.00 (w/closing cost)
  • Owner: $1,900,000.00
  • Closing Date: 08/09/2017

2. Dayal Enterprises LLC

  • Purpose: To construct a new building for a banquet hall
  • Project Address: Somerset, NJ 08873
  • Total Project cost: $11,012,000.00
  • Bank: $5,506,000.00
  • CDC: $3,701,000.00 (w/closing cost)
  • Owner: $1,906,000.00
  • Closing Date: 09/07/2017