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NORTHMARQ SECURES $16.9M CONSTRUCTION LOAN FOR MULTIFAMILY PROJECT

HARRISON, N.J. — NorthMarq Capital’s New Jersey regional office has secured a $16.9 million, 30-month construction loan for the Cookie Factory, a to-be-built multifamily property on Essex Street in Harrison. The 104-unit project will consist of two four-story buildings, connected by a clubhouse, and a mix of studio, one-bedroom and two-bedroom units. The borrower is a Bergen Street Urban Renewal LLC, a joint venture between an affiliate of the Hampshire Companies and CrownPoint Group. Gary Cohen of NorthMarq arranged the loan for the borrower through NorthMarq’s relationship with First Niagara Bank.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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