PARSIPPANY (March 3, 2014) – Gary Cohen, senior vice president/senior director of NorthMarq Capital’s New Jersey based regional office closed a $5,062,500 loan for the acquisition of Regency Apartments, a 100-unit multifamily property located in Sussex, New Jersey. The borrower worked exclusively with Cohen, to finance this transaction with a local bank. Financing was based on a 12-year term and 30-year amortization schedule at a very attractive 3.6 percent interest rate. “This was the fourth acquisition loan in the past six months between the borrower and lender,” said Cohen.
Multifamily -
Debt
