---
title: "M&T Bank Lends $26M on NJ Apartments Buy"
url: https://burnaze.com/article/0db31fae-76f5-4153-8f00-64143263c418
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/07/mt-bank-toms-river-new-jersey-apartments/
author: "Andrew Coen"
category: "Real Estate"
published: 2026-07-20T15:55:37.000Z
modified: 2026-10-31T13:17:27.226Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/07/David-Cohen-Hopes-Crossing-Toms-River-NJ-credit-Meridian-Capital-Group.jpg?quality=80&resize=1200%2C630&strip=
---

# M&T Bank Lends $26M on NJ Apartments Buy

**TL;DR:** M&T Realty Capital provided $25.5 million in acquisition financing for Goldcrest Properties' purchase of the Hope's Crossing property in Toms River, NJ. The $33.8 million purchase was facilitated by Meridian Capital Group's David Cohen, who negotiated the debt for the deal.

*By Andrew Coen, originally published in Commercial Observer on 2026-07-20. [Read the original](https://commercialobserver.com/2026/07/mt-bank-toms-river-new-jersey-apartments/).*

## Story

**Goldcrest Properties** has sealed $25.5 million of acquisition financing for the purchase of a New Jersey multifamily asset, Commercial Observer has learned.

**M&T Realty Capital,** a subsidiary o**f M&T Bank,** provided the interest-only bridge loan for Goldcrest’s $33.8 million purchase of the 125-unit **Hope’s Crossing** property in Toms River, N.J., according to the lender.

“M&T Realty Capital is proud to have provided this financing to Goldcrest Properties,” said John Taylor, senior managing director with M&T Realty Capital Corporation. “David Cohen and the collective Goldcrest team were attentive and responsive, which made the closing process move smoothly.

Goldcrest is a well-respected owner/operator, and we look forward to many more opportunities with them,” **John Taylor**, senior managing director with M&T Realty Capital, said in a statement.

Located at **1 Vans Way,** the 1994-built Hope’s Crossing comprises garden-style apartments ranging from one to four-bedroom units. The Jersey Shore-area property is 14 miles west of **Normandy Beach**.

**Meridian Capital Group**’s **David Cohen** negotiated the debt for the deal, which closed in 43 days.

“The strength and experience of the sponsorship, combined with a lender that understood the asset and moved with real urgency, allowed us to structure the right financing and bring the deal to a seamless close in a tight timeframe,” Cohen said in a statement.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- Andrew Coen (person)
- acquisition financing (topic)
- Meridian Capital Group (company)
- multifamily asset (topic)
- John Taylor (person)
- M&T Bank (company)
- bridge loan (topic)
- Goldcrest Properties (company)
- M&T Realty Capital (company)
- David Cohen (person)

---
Originally reported by Andrew Coen, Commercial Observer (https://commercialobserver.com/2026/07/mt-bank-toms-river-new-jersey-apartments/). Summarized by Burnaze (https://burnaze.com/article/0db31fae-76f5-4153-8f00-64143263c418).