DMG Investments Closes $71.6 Million Construction Loan For One Park Condominium Building In Cliffside Park, NJ

11/3/17

204-Unit Building Facing Manhattan Scheduled for Fall, 2018 Completion

DMG Investments today announced that it has closed a $71.6 million construction loan for One Park, the 204-unit luxury condominium building rising in Cliffside Park, NJ with panoramic views of the Manhattan skyline. The 14-story building topped out in August and is scheduled to be completed in fall, 2018. The financing was secured by DMG with the assistance of Cooper-Horowitz, Inc. through AIG.

“We’re delighted to receive this vote of confidence from a commercial lending institution that recognizes One Park’s unique qualities and widespread appeal to buyers both here and oversees,” said Jacky He, Executive Vice President of DMG Investments. “With a clifftop location that maximizes the building’s dramatic views, world-class design, inspiring amenities and proximity to Manhattan and the vibrant Hudson River waterfront, One Park offers a new perspective on Gold Coast living.”

Designed by noted architectural firm Architectura, with interiors curated by boutique design firm, VLDG, One Park boasts a glass curtain wall and private outdoor space for every home. The distinctive new landmark offers one-, two-, three- and four-bedroom residences priced from $495,000, according to Hallstead Property Development Marketing (HPDM), which is directing the sales effort.

The dramatic elegance and sophistication of One Park are further enhanced by its more than 25,000 square feet of indoor and outdoor amenities. These will include a 24-hour attended front desk, an Aquatic Center featuring an indoor 55-foot heated pool with adjoining outdoor sun deck, sauna and steam rooms; and a private furnished roof deck including dining terrace with grilling stations, fire pits, intimate seating areas and outdoor movie theater. There’s also a state-of-the-art fitness center with private Pilates room and squash court, a golf simulator, children’s playroom, a pet spa, guest suites and a secure parking garage with a fully-automated Unitronics system.

One Park’s Cliffside Park location has long attracted those commuting to New York City for business and pleasure who appreciate its proximity to the George Washington Bridge, Lincoln Tunnel and New York Waterway ferry service to Manhattan. The one square-mile borough also enjoys a diverse dining and shopping scene. The main thoroughfare, Anderson Avenue, or “The Avenue” as it is affectionately referred to, is lined with boutique stores and shops, while an eclectic offering of dining, shopping and waterfront recreational and nightlife pursuits are just minutes away in Edgewater, Weehawken, North Bergen and Hoboken.

For more information on One Park, please call 201-633-7600 or visit www.OneParkCondosNJ.com

ABOUT DMG INVESTMENTS LLC

Headquartered in New York City at 100 Wall Street, DMG Investments LLC (“DMG”) was established in 2013 as the US subsidiary of DoThink Holding Group, a well-known real estate developer in China. DMG focuses on real estate acquisitions, development and management as well as financing.

Leveraging the expertise of a team of dedicated real-estate professionals with decades of experience creating and adding value for investors, DMG has amassed a portfolio of best-in-class assets across the US in dynamic markets in New York, New Jersey, Texas, Tennessee and Wisconsin.

As the portfolio continues to grow, DMG is dedicated to creating a trusted brand with a focus on providing amenities and services that enhance the livability of each project be it in the student housing, traditional multifamily or condominium sector.

In the years to come, the goal of DMG is to become a global real estate enterprise with a world-class reputation for sustainable development and a business philosophy that emphasizes the importance of delivering value for investors, owners and residents.

More information about DMG can be found at www.dmg-investments.com.

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