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.