Mark Scott’s CMC Closes $55M in Loans for NY, NJ Properties

LIVINGSTON, NJ—Mark Scott’s Commercial Mortgage Capital (CMC) recently closed $55 million in loans for properties in New York and New Jersey.

These loans included:

• A $21-million loan for iPark Hudson Building Three (28 Wells Ave.), a recently renovated 152,149-sq.-ft. office/research building located at the Yonkers, N.Y. train station. iPark Hudson is a 1 million-sq.-ft. mixed-use project located at One Larkin Plaza, which is part of the revitalized Yonkers Waterfront District.
• An $18 million, long-term, self-liquidating loan for a 400-unit multifamily complex in Parsippany, N.J. Comprised of 27 buildings, the garden apartment complex includes 146 one-bedroom apartments, 154 one-bedroom units with dining rooms and 100 two-bedroom spaces.
• A $16 million, 10-year self-liquidating loan for a 140,000-sq.-ft. single-tenant office building located in Florham Park, N.J.