October 18, 2017
BlueGate Secures Financing for Woodmont West Mount Arlington
BlueGate Partners has secured permanent financing for Woodmont West located in Mt. Arlington, New Jersey. Recently developed by Fairfield, New Jersey-based Woodmont Properties, Woodmont West includes 300 market-rate rental apartments, made-up of one- and two-bedroom apartment homes in eight, three- and four-story buildings. The units feature modern apartment finishes with stainless steel appliances and quartz countertops, in-home washer and dryer, walk-in closets, 9-foot ceilings, and private balconies. See www.woodmontwest.net.
Sitting on 55 park-like acres, Woodmont West is highly amenitized with a 15,000 SF clubhouse, strength and training gym, indoor golf simulator and putting green, resort-style swimming pool, outdoor sports courts, gas-fired grills, dog parks and a community garden. The strong leasing momentum experienced at Woodmont West can be attributed to its world-class facilities and finishes, as well as to its highly convenient and easily accessible location off of Route 80 and near NJ Transit’s Mt. Arlington park-and-ride station.
For 50+ years, Woodmont Properties has contributed to the region’s residential and commercial marketplace by developing residential communities, office buildings, retail centers and industrial properties in suburban communities, town centers and cities in New Jersey, New York and Pennsylvania. Woodmont Properties’ success in developing both residential communities and commercial properties is derived from a unique blend of innovation, integrity, in-house expertise, the selection of superior locations and quality design.
BlueGate is a boutique real estate investment banking firm with offices in New York and Palm Beach, and offers services in the areas of investment sales, portfolio and property financing, and debt and equity capital raising for real estate projects.