Meridian Capital Group arranges $63.5 million refinance for 275-unit Wayne Village apartment community

Wayne, NJ Meridian Capital Group arranged $63.503 million in Freddie Mac financing for Wayne Village, a 275-unit garden-style apartment community.

The financing was negotiated by Matt Texler of Meridian, who secured the loan through Capital One.

Wayne Village is a well-maintained, institutionally operated multifamily community comprised of 19 residential buildings offering a mix of one- and two-bedroom residences, including town house-style units. Originally constructed in 1965 and thoughtfully upgraded over time, the property offers residents a strong amenity package and a highly desirable suburban location within one of Northern New Jersey’s most affluent townships, less than 20 miles from Manhattan.

“Wayne Village is a durable multifamily asset in a strong NYC metro apartment market that continues to outperform many other markets around the country,” said Texler.