FORT LEE, RED BANK & EDISON, NJ — Gary Cohen, senior VP/managing dir. of NorthMarq’s NJ office arranged financing for three properties totaling a combined $59.85 million. The properties are located in Fort Lee, Red Bank and Edison.
Mediterranean House: NorthMarq arranged a $25 million refinance for Mediterranean House, located at 505 North Ave. in Fort Lee. The property is a 19-story building containing 306 apartments.
The property is subject to a long term HAP contrac
CINNAMINSON, NJ — Gary Cohen, managing director and Marc Nevins, investment analyst at NorthMarq Capital’s New Jersey regional office, arranged the $38 million refinance of Camelot at Cinnaminson, a 405-unit multifamily property located at 198 Camelot Court in Cinnaminson, NJ. The permanent fixed rate loan was structured with a fully amortizing 30-year term. NorthMarq arranged financing for the borrower, Kaplan Companies, through its correspondent relationship with a life ins
NEW JERSEY — Gary Cohen, senior vice president/managing director of NorthMarq Capital’s New Jersey-based regional office, arranged the $80 million refinance of a portfolio of five affordable properties, containing a combined 519 units. The properties are located throughout Hoboken. The transaction was structured with a 12-year term on a 25-year amortization schedule. NorthMarq arranged financing for the borrower, Applied Housing Management, through its correspondent relations