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2021 Top Mortgage Brokers and Lenders
New York & Tri-State
Mark Scott
$132 million
President of Commercial Mortgage Capital
Annually recognized as a top commercial mortgage banker regionally and nationally
Over a 14-month period, Mark Scott and his team at Commercial Mortgage Capital in Livingston, NJ structured financing of 330 multifamily units. Bringing conventional financing, a tax credit affordable housing tax credit investor and a partial sale of the subject site took creativity, patience and flexible participants. This all occurred during a pandemic, with all involved finding themselves in uncharted territory in terms of meeting, communicating and working with all parties. There was additional uncertainty in the availability of tax credits so flexibility was necessary to the structuring of the construction debt.
Bottom line: the project is under construction, with the majority of affordable units to be developed first followed by a mix of market and affordable units. Completion is expected in the second quarter of 2022.
These are some of the reasons we selected Mark Scott for inclusion in our first-ever Top Mortgage brokers and Lenders Awards. These awards recognize industry professionals who have demonstrated the highest standards in commercial real estate finance.