Maxal nabs $50M loan to kickstart massive Edgewater development – Robert Khodadadian

, Maxal nabs $50M loan to kickstart massive Edgewater development – Robert Khodadadian, Robert Khodadadian

A massive waterfront development that will bring 1,200 residential units to Edgewater secured its first phase of financing. Maxal Group, EnviroFinance Group, and Equity Resource Investments obtained a $50 million pre-development loan from Northwind Group for their contested New Jersey project at the site of a former Hess oil refinery. The developers will build three towers with residential commercial space and a 2.5-acre waterfront park at 615 River Road. Of the 1,200 one-, two- and

 A massive waterfront development that will bring 1,200 residential units to Edgewater secured its first phase of financing. Maxal Group, EnviroFinance Group, and Equity Resource Investments obtained a $50 million pre-development loan from Northwind Group for their contested New Jersey project at the site of a former Hess oil refinery. The developers will build three towers with residential commercial space and a 2.5-acre waterfront park at 615 River Road. Of the 1,200 one-, two- and
The post Maxal nabs $50M loan to kickstart massive Edgewater development appeared first on New York.  Cross Post, Home Page, construction loans, Development, New Jersey The Real Deal New York 

Lead by real estate veteran Robert Khodadadian, has been instrumental in many multi-million dollar commercial developments, including a $12 million contract for the White House Hotel, a 99-year ground lease of a four-story commercial site in Harlem, and a retail co-op on Prince St. for $50 million.

Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.

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