NorthMarq Provides $16M Loan For The Harrison In East Orange, NJ

The Harrison is a 103-unit apartment complex located at 125 S Harrison St, East Orange, New Jersey. The property features studio, one- and two-bedroom units with private balconies, stainless steel appliances, and walk-in closets. northmarq'>Northmarq provided a $16 million Fannie Mae permanent loan for this newly built asset.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $16,000,000.00
• Market: East Orange
• Borrower's Rep: Robert Ranieri (NorthMarq)
• Lender: NorthMarq

Robert Ranieri of Northmarq was the key individual who originated the loan on behalf of the undisclosed borrower for The Harrison in East Orange. The transaction involved securing a $16 million Fannie Mae permanent loan for the apartment complex.