Cushman & Wakefield Secures Financing for 932-Unit New Jersey Project

Cushman & Wakefield has arranged construction financing for Village Green, an upcoming large-scale apartment community in Roselle, N.J.

Working on behalf of Milton L. Ehrlich Inc., Cushman & Wakefield has teed up construction financing for Village Green on the Park, a 932-unit multi-phase apartment community planned for the site of the former Roselle Golf Club in Roselle, N.J. The loan was provided by U.S. Trust, a subsidiary of Bank of America.

Cushman & Wakefield’s Equity, Debt & Structured Finance group arranged the financing. The team was led by Jay Wagner, managing director, and Timothy Hosmer, associate, of the Boston office and John Alascio, managing director, of the New York office.

Village Green on the Park in Roselle, N.J.

Village Green on the Park in Roselle, N.J.

The new Village Green on the Park multifamily community will be developed over five-phases. The property will offer easy access to transit, as well as lush green space and abundant amenities.

“With its unique in-fill location, The Roselle Golf Course project represents a transformative development for the Township of Roselle, bringing amenity-rich, workforce housing onto one of the few remaining large, development parcels in Northern New Jersey,” Cushman & Wakefield’s Jay Wagner said in prepared remarks.

Image courtesy of Cushman & Wakefield