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JV Secures $23M in Construction Financing for Bedford MF Community
CBRE has secured $22.5 million in construction financing for 133 apartment units in Bedford, NH.
Located at 121 South River Rd., the project will consist of 100% market-rate units across a five-story building with surface parking. Amenities will include a fitness center with Peloton bikes, rooftop lounge, dog wash and a community room with private work spaces.
John Kelly and Kyle Juszczyszyn of CBRE Capital Markets’ Debt & Structured Finance team secured the financing on behalf of the joint venture ownership, GFI-JHM Bedford Owner, LLC. The lender was not disclosed.
“We were attracted to the growth and strength of the Bedford, New Hampshire, housing market,” said Jiten Patel, principal of GFI-JHM Bedford Owner. “We look forward to delivering a best-in-class community to accompany the top-rate mixed-use development at Goffe Mill Plaza and the future Market and Main. The community will provide a top-tier living experience for our tenants.”
For comments, questions or concerns, please contact David Cohen
- ◦Financing
- ◦Development
