Madison Realty Capital Provides $145.7M Loan For Multifamily Properties In Parsippany, Basking Ridge, NJ

100-120 Cherry Hill Road. & 180-181 Mountainview Boulevard

MultiFamily

56,000 SF

Financed 1 year ago

Summary

Loan

NEW JERSEY

MultiFamily

56,000 sqft

A $145,700,000 loan has been secured for a multifamily property located at 100-120 Cherry Hill Rd. & 180-181 Mountainview Blvd. in Parsippany and Basking Ridge, NJ. The property spans 56,000 square feet and consists of 605 units/townhomes. The loan was provided by Madison Realty Capital.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $145,700,000
Market: Parsippany, Basking Ridge, NJ
Image: Josh Zegen
Landlord: Accurate Builders & Developers

Madison Realty Capital served as the lender for this transaction. The loan was secured by Accurate Builders & Developers, the landlord of the property.

Details

Deal Summary

FINANCED

IMAGE: Josh Zegen DATE: 04/12/2021 ADDRESS: 100-120 Cherry Hill Rd. & 180-181 Mountainview Blvd. MARKET: Parsippany, Basking Ridge, NJ ASSET TYPE: Multifamily LENDER: @MadisonRealtyCapital LANDLORD: @AccurateBuilders & Developers LOAN AMOUNT: $145,700,000 SF: 56,000 ~ UNITS/TOWNHOMES: 605

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Address100-120 Cherry Hill Road. & 180-181 Mountainview Boulevard

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