KEANSBURG, CLEMENTON, KEARNY, AMBOY AND WESTVILLE, N.J. — Hunt Mortgage Group has provided refinancing for a five-property multifamily portfolio in New Jersey. The borrower, Norse Holdings, received five Freddie Mac Small Balance loans totaling $15.2 million. The refinancing loans include:
– $4.6 million for the 44-unit Beachview Gardens located at 544-560 Beachway Ave. in Keansburg
– $4.4 million for the 56-unit Clementon Norse Apartments located at 222 White Horse Pike in Clementon
– $1 million for the nine-unit 165 Quincy Ave Apartments in Kearny
– $1.3 million for the 12-unit property at 388 Smith St. in Amboy
– $3.8 million for the 48-unit Woodbine Apartments located at 300 Broadway in Westville
Steven Cox and Kris Molloy of Hunt Mortgage Group secured the financing for the borrower.