Borough of Lincoln Park Minutes Work Meeting 2026-05-04
Council approves affordability pact tied to Lument loan
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Description
Lincoln Park’s governing body adopted Resolution R26-138 authorizing an affordability restrictions agreement tied to a loan from Lument Real Estate Capital to Merida Lincoln Park 115. The agreement satisfies lender conditions for financing a downtown redevelopment project.
Contract Details
Vendor
LUMENT REAL ESTATE CAPITAL
Agency
Borough of Lincoln Park, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
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