Lincoln Property Company Saber-Hightower Waterfall Asset Management Secures $177.25 Million Loan From Affinius Capital

Two multifamily properties located at 45 River Road in Edgewater, NJ, and 21 Scarsdale Road in Yonkers, NY, are part of a recent transaction. The properties consist of a total of 409 units, comprising 262 units at Edgewater Harbor and 147 units at Trilogy Lofts at Tuckahoe. The acquisition financing involved a total loan amount of $177,250,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $177,250,000
• Lender: David Greenburg - Affinius Capital
• Landlord: Clay Duvall & David Binswanger - Lincoln Property Company; Marty Berger - Saber-Hightower; Zachary Liebmann - Waterfall Asset Management
• Brokers: John Alascio, Alexander Hernandez, Brad Domenico, Chuck Kohaut & Mitch Rothstein - Cushman & Wakefield
• Loan Type: Acquisition

A joint venture between Lincoln Property Company, Saber-Hightower, and Waterfall Asset Management secured the acquisition financing. The financing is part of a broader $450 million acquisition of four Tri-State properties, which includes the financing for the two multifamily locations in New Jersey and New York.