Chicago-based Capital Fund Services (CFS), a related company of Cinnaire, arranged $10,350,000, 3.60% first mortgage for a 150 unit multifamily development in Northern New Jersey.
“As the CFS and the Cinnaire family of companies expands in the northeast with the acquisition of Delaware Community Investment Corporation (DCIC), we are pleased to facilitate the loan for the borrowers on this transaction,” ,” said Loan Originator Paul De Kruiff, of Capital Fund Services. “This was an acquisition loan and the new owners plan to renovate the asset and hold it long term in their portfolio.”
