REBusinessOnline

NorthMarq Arranges $16M Freddie Mac Loan for Refinancing of New Jersey Apartments

Village-Manor-Nutley-N.J

Village Manor in Nutley, N.J. totals 227 units.

NUTLEY, N.J. — NorthMarq Capital has arranged a $16 million Freddie Mac loan for the refinancing of Village Manor, a 227-unit multifamily community in the western Manhattan suburb of Nutley, N.J. The garden-style property features one- and two-bedroom units and is located near a variety of retail and restaurant establishments, as well as public transportation lines. Robert Ranieri of NorthMarq arranged the loan, which was structured with a 10-year term and 30-year amortization schedule, on behalf of an undisclosed borrower.

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