Annually recognized as a top commercial mortgage banker regionally and nationally
Over a 14-month period, Mark Scott and his team at Commercial Mortgage Capital in Livingston, NJ structured financing of 330 multifamily units. Bringing conventional financing, a tax credit affordable housing tax credit investor and a partial sale of the subject site took creativity, patience and flexible participants. This all occurred during a pandemic, with all involved finding themselves in uncharted territory in terms of meeting, communicating and working with all parties. There was additional uncertainty in the availability of tax credits so flexibility was necessary to the structuring of the construction debt.
Bottom line: the project is under construction, with the majority of affordable units to be developed first followed by a mix of market and affordable units. Completion is expected in the second quarter of 2022.
These are some of the reasons we selected Mark Scott for inclusion in our first-ever Top Mortgage brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).