22
PLAINFIELD, N.J. — Cronheim Mortgage has arranged a $6.7 million permanent loan for a multifamily portfolio located in Plainfield. The portfolio includes a 62-unit community located at 735 Park Ave., a 52-unit community located at 606 Crescent Ave. and a 27-unit community located at 315 W. 8th Street. The loan carries a 4.35 percent interest rate, 7-year term and a 30-year amortization schedule.