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JV Lands Loan for NJ Adaptive Reuse Project

JV Lands Loan for NJ Adaptive Reuse Project
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Parkview Financial Provides $21.5 Million Loan for Vacant Hotel Acquisition and Conversion to Apartments/Retail in Newark, NJ

Parkview Financial announced today it has provided a $21.5 million loan to Broad Street Ventures Urban Renewal, LLC, an entity of Winchester Equities, LLC, for the purchase and conversion of a currently vacant, 13-story, 90,000-square-foot (sf) hotel into a 106-unit multifamily building with a 7,500-sf ground floor restaurant. Located at 810. ....

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