Meridian Arranges Freddie Mac Loan for Northern NJ Apartments
Meridian Capital Group has arranged $63,503,000 in Freddie Mac financing for Wayne Village, a 275-unit garden-style apartment community located at 27 Lancaster St. in Wayne, NJ. 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 upgraded over time, the property offers residents a strong amenity package and an attractive 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.
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312-Unit Multifamily in Indiana Changes Hands
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout