Wood Landing

2 Ernst Court, Mays Landing, NJ 08330
$4,150,000 Construction Financing

Challenge
Washington Square was engaged by the Sponsor to financing both the horizonal and vertical construction for 32 single family homes.

Solution
Washington Square was able get the secure a $4.15MM in construction financing, structured as a $2.47MM site work loan to refinance existing debt and perform the needed site work and a $1.68MM revolving credit facility to perform the vertical construction that would be replenished from the proceeds of the home sales.