Freddie Mac Provides $24.2 Million Loan For Multifamily Acquisition By Tower Management In North Bergen

The property asset involved in this context is a multifamily real estate located at 7112-7432 Boulevard East in the North Bergen market. This asset encompasses 215 units and has secured an acquisition loan amounting to $24,200,000 with Freddie Mac as the lender. The loan is structured to have a 10-year, fixed-rate term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $24,200,000
• Asset Address: 7112-7432 Boulevard East
• Market: North Bergen
• Lender: Freddie Mac
• Landlord: Tower Management
• Loan Type: Acquisition
• Loan Terms: 10-year, fixed-rate
• Brokers: Gerard Quinn, Thomas Didio, Thomas E. Didio, Jr & Michael Mataras - JLL

The deal involves key representatives including Gerard Quinn, Thomas Didio, Thomas E. Didio, Jr, and Michael Mataras from the brokerage firm JLL, who facilitated the transaction and represented the involved parties effectively.