CBRE has secured $29 million in bridge financing for the refinance of Mi-Place at Brightmoor in Winslow Township, NJ. The three-year bridge loan, provided by an entity managed by Argentic Investment Management LLC, will be used to refinance Fernmoor’s 144-unit Class-A multifamily project.  

Phase I of Mi-Place at Brightmoor includes six garden-style buildings and is part of a larger community with a total of 312 units, featuring a clubhouse, pool, fitness center, and other amenities.  

Matthew Klauer and Cassandra Russell with CBRE Capital Markets’ Debt and Structured Finance team represented the borrower in the transaction. “Fernmoor created Mi-Place as a brand to raise the level of luxury and quality in the communities it operates in. Mi-Place at Brightmoor is another outstanding example of Fernmoor’s capabilities, and we are proud to have collaborated with them and Argentic on this transaction,” said Klauer.