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Afton Village Townhomes

Florham Park, NJ

Multifamily - Construction

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Florham Park, NJ

Afton Village Townhomes

MULTIFAMILY - CONSTRUCTION

ACRES originated an $8.8 million loan for the construction of a townhome complex in the downtown area of Florham Park, New Jersey. The loan, which carries a term of 24 months, will be used for the construction of a three-building, luxury development featuring:

  • 16 residential townhouses for sale over three buildings
  • Unit mix of 14 market-rate units and two affordable units, totaling 44,481 net saleable square feet

The Borough of Florham Park is considered a desirable, affluent suburban area near employment centers including New York City and Newark, and locally situated near the suburban office markets of Northern New Jersey.

The location is within walking distance of the neighboring commercial, retail, and restaurant outlets. Approximately 25 miles west of New York City, there is a 35-minute direct train ride into Midtown-Manhattan.

$8.8 Million

Loan Amount

24 Months

Loan Term

Construction Loan

Loan Product

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