MMCC Arranges $24M Loan for Refinancing of Northern New Jersey Apartments

by Taylor Williams

LINDEN, N.J. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $24 million loan for the refinancing of a 113-unit apartment complex located at 1120 E. Saint George Ave. in the Northern New Jersey community of Linden. The property was built in 2021 and includes 17,900 square feet of retail space. Amenities include a fitness center, dog park, resident clubhouse and a rooftop deck. M&T Bank provided the 10-year, interest-only loan, which carried a 30-year amortization schedule, on behalf of the undisclosed borrower. Joseph Belgiovine of MMCC arranged the debt.

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