Northmarq’s Debt + Equity team secures $6M refinancing for New Jersey apartment community
Northmarq’s New York Metro Debt + Equity team led by Gary Cohen successfully secured the $6 million refinancing of an 69-unit multifamily community located at 1250 NJ-34 in Matawan, New Jersey.
Northmarq arranged permanent-fixed financing on behalf of their borrower, Heritage Square Associates, through the firm’s in-house Fannie Mae DUS platform. The transaction was structured on a seven-year term.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.