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HFF works out $70M financing for Hoboken apartments

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HFF, a Florham Park-based commercial real estate services provider, announced Wednesday that it has arranged $70 million in financing for Hoboken's Curling Club Apartments.

HFF worked on behalf of the borrower, made up of institutional investors advised by J.P. Morgan Asset Management, to acquire the fixed-rate loan through Nationwide Life Insurance Company. HFF brokered the sale of the property to the borrower in June.

The HFF debt placement team was led by Jon Mikula and Tom Didio, senior managing directors, and Samuel Seiden, associate director.

The 240-unit, Class A multihousing community includes four, five-story residential buildings above a single-level parking garage, plus a free-standing clubhouse and interior courtyard.


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