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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