NorthMarq Capital finalizes $5.06 million acquisition for the Regency Apartments located in Sussex, New Jersey

Regency Apts
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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.

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.

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