Drew Capital Secures $16.25 Million in Construction Financing for Multifamily Property in Newark

Drew Capital, a commercial mortgage brokerage based in Jackson, NJ, has secured $16.25 million in construction financing for Central Pointe, a 77-unit multifamily property located in the University Heights neighborhood of Newark, NJ. The development is expected to be completed by summer 2027 and will include affordable housing units as well as modern amenities.

By Drew Capital · PR Newswire · May 20, 2026, 12:54 UTC

Topics: commercial_mortgage multifamily_development Newark_real_estate

Read the full article at PR Newswire

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