185
CLIFTON, N.J. — NorthMarq Capital has arranged a $3.1 million first mortgage that will refinance Middle Village Apartments, a 160-unit property located at 24 Day St. in Clifton. The loan carries a 15-year, fully amortizing term along with flexible prepayment terms and an option for a line of credit. Robert Ranieri of NorthMarq arranged the financing between the borrower, Middle Village Associates, and the lender, North Jersey Community Bank.