Parkview is funding $ 12 million home loan

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Parkview Financial has a subsidiary of KW Contracting Construction Corp. based in Irvington, New Jersey, received a home loan of $ 12.5 million.

With this loan, construction has now started and completion is scheduled for summer 2022.

The legacy will be on 0.43 hectares and include a five story building totaling just over 62,000 s / f. The unit mix includes one and two bedroom units that have hardwood floors, stainless steel appliances, quartz countertops, and washers / dryers in the unit. On-site amenities include a resident lounge area, fitness center, rooftop terrace, administration office, on-site parking, and zip car access.

Located in a designated transit village in New Jersey, the location is within walking distance of the South Orange Mountain Avenue train station, which provides access to the subway area including Manhattan, and is less than an hour from Penn Station in New York.

“Parkview Financial sees this sub-market as one showing robust demand for housing as vacancies have tightened during the pandemic,” said Paul Rahimian, CEO of Parkview Financial. “This increase in occupancy is likely due to the fact that the tenant outflow from New York City was recorded as more people can work from home, at least part of the time.”

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