CLIFFSIDE PARK, NJ—The developer of the One Park luxury condominium development here has landed another financing deal for the venture with AIG.

DMG Investments, LLC reports it has secured a $64-million inventory loan from AIG for its 14-story, 204-unit luxury condominium building. The loan is the second financing deal secured with AIG for One Park, coming on the heels of a $71.6-million construction loan in 2017.

The New York City-based development firm points to the latest financing deal as an important milestone on multiple fronts that speaks to the confidence the financial community has in One Park, and the willingness of AIG to work again with DMG Investments serves as a testament to the company’s “trusted brand and reputation for developing high quality projects in both the multi-family and student housing sectors.”

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