PLAINFIELD, N.J., May 29, 2009 – Potential buyers can now preview furnished models as construction continues at The Monarch, a community of 63 upscale condominiums in downtown Plainfield. The Monarch is being developed by P&F Management Company, LLC on a formerly vacant lot at 400 E. Front St. in Plainfield. Units are slated for summer occupancy.

The Monarch is comprised of two-bedroom, two-bathroom units ranging from 1,120 to 1,289 square feet, with prices starting in the low $200,000s. Each luxurious unit features high-end finishes, gourmet kitchens, views of the surrounding streetscape and a private courtyard garden terrace, all near shopping, dining, parks and transportation centers. The all-new construction is designed to meet strict Energy Star requirements.

“The Monarch offers the latest in spacious layouts, upscale amenities and new-home value,” said Debbie Bertino, P&F‚Äôs vice president of sales and marketing. “The location is in close proximity to two rail stations on New Jersey Transit’s Raritan Valley Line, which is of great importance to commuters. The community also has attracted great interest among those seeking to relocate from Manhattan. The Monarch offers a 24/7 urban lifestyle, affordability and much more living space as compared to New York City.‚Äù

First-time homebuyers also can take advantage of the federal government’s housing allowance that is part of the stimulus plan. New homeowners may qualify for a tax credit of up to $8,000 for a home purchased by December 1, 2009. The Monarch also is offering free consultations with a representative of Wells Fargo Home Mortgage.

P&F Management Company, LLC is a multi-faceted real estate investment and development company. Specializing in the acquisition, repositioning and redevelopment of underutilized real estate assets and portfolios, as well as real estate-backed securities, P&F serves as an owner, developer and lender. Since 2007, the company has acquired more than 1,500 residential units, many of which have been completed and sold despite difficult economic conditions.

For more information about The Monarch (www.monarchliving.net), call the Information and Marketing Center at (908) 755-0055.

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About P&F Management Company, LLC

PHOTO CAPTION:
The Monarch at Plainfield, a newly constructed condominium community in Plainfield, N.J., is now offering prospective homebuyers an opportunity to preview professionally decorated two-bedroom, two-bathroom models. Slated for occupancy this summer, the mixed-use community is attracting commuters; individuals and families seeking affordable, urban living; professionals and empty-nesters. First-time homebuyers also benefit from a federal tax credit of up to $8,000 for a home bought before December 1, 2009.