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Phase II debuts at The M at Englewood South

The Pinnacle Companies, the developer of luxury homes throughout the New York Metro Area, recently announced the opening of the second phase of homes at The M at Englewood South, a community of elegant condominiums in the heart of Bergen County. Pinnacle will also be showcasing a new furnished model: the two-bedroom and den.

The M is architecturally unique with four building extensions that surround three courtyards, affording most of the homes garden views and views of nearby Overlook Gold Course. The first building phase opened earlier this year and Pinnacle has completed work on another phase to accommodate many buyers who are looking for a quick move-in as their leases expire.

"The luxurious homes at The M pair innovative stylish design with exceptional value, and that combination has attracted a wide range of the buying public who want to experience the extraordinary lifestyle in this best-in-class location," said Brian Stolar, president and CEO of The Pinnacle Companies. "The reaction to the unveiling of this second phase should bring about that same level of excitement and we expect there will be an even more robust sales momentum as word of mouth continues to spread."

Presenting sophisticated urban living on Route 4 - close to the George Washington Bridge and within 12 miles of Midtown Manhattan - The M offers 125 one-, two- and two-bedroom-plus-den residences priced from $274,990. One garage space is included in the price and shuttle service to NJ Transit bus stop is also provided.

The homes feature top-of-the-line standard features such as spacious living areas, bedrooms, and modern kitchens with maple cabinetry, under-counter lighting and granite countertops. The M condominiums also feature luxuries, including large laundry areas with side-by-side General Electric washers and dryers, large walk-in closets and additional powder rooms in nearly all floor plans.

Additional features include elegant en-suite master bathrooms with granite countertops and double-sink vanities, oak hardwood flooring in the living area, ceramic tile flooring in the entry hall and kitchen, and plush carpeting in the bedrooms. A powder room is included in almost all of the homes.

To assist prospective buyers even more, Pinnacle offers two innovative lease-to-purchase options that allow renters to place a portion of their monthly payment into as escrow account to eventually be applied toward the sales price.

The "License to Occupy" option requires pre-approved, potential homeowners to sign a contract for six months to a year as well as an occupancy agreement for the same time period. Pinnacle saves approximately 50 percent of their rent in an escrow account toward the down payment. A small down payment ranging from $5,000 to $10,000 is required to start the program. The potential homeowner must close within a year of signing.

With the "Lease Now, Buy Later" option, pre-approved, potential homebuyers sign a condominium lease and, at the end of a one-year term, are offered the home at a price guaranteed at the time the lease is signed. Pinnacle then gives them approximately 25 percent of their lease payments back toward the down payment.

Amenities at The M at Englewood South include an outdoor pool and a residents' lounge perfect for large parties and entertaining. Buyers will also receive a year's membership at The Gym Englewood, 20 Nordhoff Place, the upscale fitness center. Maintenance also includes satellite TV and Internet service, and the community will be offering attractive audio/video packages as upgrades.