Cresskill, New Jersey, United States
A longtime presence in the Cresskill, New Jersey, business community, David Kushner guides the Paradigm Capital Group and focuses on funding significant bridge loans for commercial properties. In one major transaction, David Kushner and his Cresskill team arranged the first-mortgage refinance of a 2.13-acre site for industrial development in Southampton, New York. The transaction serviced existing debt and enabled ongoing vertical improvements designed to enhance long-term commercial viability.
One of the most significant deals Mr. Kushner has facilitated centered on a $17.5-million pre-development financing and recapitalization of a Boca Raton, Florida, prime development site on 78 acres. The present zoning allows for 933 apartment units, with the developer having submitted a master plan to municipal authorities to increase intensity and density of the project.