Daily News: November 26, 2019

Citizens Leads $55MM Construction Financing for LeCeese


Citizens Commercial Real Estate Finance team is providing a $55 million loan to LeCesse Development and MAS Development Group, for the construction of a mixed-use apartment complex in Elizabeth, NJ.

Citizens is left lead bank and administrative agent.

“Citizens’ Commercial Real Estate bankers are trusted strategic and financial partners who were ready to listen to us and help make this deal a reality,” said Sal Garcia, principal of MAS Development Group. “The Citizens team has a strong commitment to the community and a deep knowledge of the commercial real estate landscape. Their close attention to detail made for a seamless and timely execution.”