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NorthMarq finalizes $5.06M acquisition for Sussex apartments

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Gary Cohen, senior vice president/senior director of NorthMarq Capital’s Parsippany-based office announced Monday he closed a $5.06 million loan for the acquisition of Regency Apartments, a 100-unit multifamily property in Sussex.

According to the announcement, the borrower worked exclusively with Cohen to finance the transaction with a local bank.  Financing was based on a 12-year term and 30-year amortization schedule at a 3.6 percent interest rate.

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Emily Bader

Emily Bader

Emily Bader is the copy and web editor at NJBIZ. She is a Brielle, N.J. native and a Rutgers University alum. You can contact her at emilyb@njbiz.com or @emilybader on Twitter.

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