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Brokerage
Posted: March 24, 2014
Cohen of NorthMarq closes $5.063 million loan for 100-unit multifamily
Gary Cohen, senior vice president/senior director of NorthMarq Capital's N.J.-based regional office closed a $5.063 million loan for the acquisition of Regency Apartments, a 100-unit multifamily property. The borrower worked exclusively with Cohen, to finance this transaction with a local bank. Financing was based on a 12-year term and 30-year amortization schedule at a very attractive 3.6% interest rate.
"This was the fourth acquisition loan in the past six months between the borrower and lender," said Cohen.
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