Drew Capital Secures $70M in Financing for 216-Unit Residential Multifamily High-Rise Tower Cosmo 440 in Newark New Jersey

Cosmo 440 Newark Secures $70 Million in Financing

Newark's Cosmo 440 tower, once shuttered Carmel Towers, secures $70 million in financing after a $37 million gut renovation near Weequahic Park.

Drew Capital Secures $70M in Financing for 216-Unit Residential Multifamily High-Rise Tower Cosmo 440 in Newark New Jersey

Drew Capital, a commercial real estate finance firm based in Jackson, NJ, has arranged a $70-million, non-recourse, interest-only loan for Cosmo 440, a 25-story, 216-unit multifamily property located at 440 Elizabeth Avenue in the Weequahic neighborhood of Newark, NJ. The loan was arranged by Akiva Drew, founder and principal of Drew Capital, which has been […] The post Drew Capital Secures $70M in Financing for 216-Unit Residential Multifamily …