LIVINGSTON, NJ- Commercial Mortgage Capital has closed $31.6 million worth of loans with life company correspondents and regional banks in recent months for multi-family properties.

“These loans speak to our ability to facilitate the proper financing structure for a range of borrowers in an expedited manner,” said Mark Scott, founder and principal of CMC, which is based in Livingston.

The six most recent multifamily transactions that closed were:

• An $11 million first mortgage for The Crossings at Ewing, a 120-unit apartment complex on acres in Ewing, close to the Hamilton and Princeton Junction train stations. Life company

• A $9.75-million, 10-year first mortgage refinance for Wellsbrook, an 82-unit garden apartment and townhouse development in Neptune, Montmouth County.

• A $4-million, 10-year first mortgage refinance for 96-unit Parkside Court Apartments in Ewing, NJ. with a local NJ Bank.
• A 2.6-million first mortgage, bank refinance for a two-building garden apartment complex in Palisades Park: a 14-unit building on East Homestead Avenue and a 12-unit property on Grantwood Boulevard.

• A $2-million, 10-year refinance bank loan for a 47-unit, fully-leased garden apartment in Elizabeth, Brittany Apartments.

• A $2-million, 10-year mortgage refinance bank loan for Paradise Apartments in Roselle Park, a 56-unit l apartment building.