Cliffside Park, NJ Condo Project Gets $72M Construction Financing

One Park, luxury condo project under construction in Cliffside Park, NJ

CLIFFSIDE PARK, NJ—DMG Investments has closed a $71.6 million construction loan for One Park, the 204-unit luxury condominium building rising in Cliffside Park, NJ with panoramic views of the Manhattan skyline. The 14-story building topped out in August and is scheduled to be completed in fall 2018. The financing was secured by DMG with the assistance of Cooper-Horowitz through AIG.

“We’re delighted to receive this vote of confidence from a commercial lending institution that recognizes One Park’s unique qualities and widespread appeal to buyers both here and oversees,” said Jacky He, executive vice president of DMG Investments. “With a clifftop location that maximizes the building’s dramatic views, world-class design, inspiring amenities and proximity to Manhattan and the vibrant Hudson River waterfront, One Park offers a new perspective on Gold Coast living.”