BEECH PROVIDES $12.5M LOAN TO REFINANCE NEW JERSEY APARTMENT PROPERTY

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WEEKHAWKEN, N.J. — Beech Street has provided a $12.5 million Fannie Mae loan to refinance The Simone, a new, ground-up construction apartment building in Weehawken. The 50-unit apartment building is located across from the Hudson River and is fully leased. Meridian Capital Group originated the 10-year loan, which has a 30-year amortization schedule.

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