HAROLD D. BAKER ARRANGES $6.7M LOAN FOR NEW JERSEY APARTMENT PROPERTY

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NEWTON, N.J. — Harold D. Baker & Co. has arranged $6.7 million in first mortgage financing for Brookside Terrace, located at 33 Mill St. in Newton. The property includes a 10-story apartment building consisting of 195 units and two, two-story apartment buildings consisting of 27 units. A regional bank provided the 12-year loan to the property owner, an affiliate of Marshall & Moran Inc.

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