$2,000,000 Construction Credit Facility | Ground-Up Residential Development – Morris County, NJ

To support the development of a new residential subdivision in Morris County, New Jersey, Cascade Capital Advisors structured a $2 million construction credit facility to finance the ground-up construction of three custom single-family homes across a 15-lot project. Having already purchased the land and self-funded the site work, the client was able to use the facility to finance 100% of the vertical construction costs. Upon completion, each home is projected to sell for approximately $1.2 million, and Cascade Capital Advisors is already positioned to support Phase II and Phase III of the development.