THG Properties Secures $44.4M Loan For Multifamily Properties In Mahwah, Short Hills, And Westwood, NJ

The closed property transaction involved the acquisition of a multifamily property in Mahwah, Short Hills, and Westwood, NJ. The asset consists of 175 units and is located at 405 Franklin Turnpike, 80 Woodland Rd., and 27-55 Green St. The transaction took place on December 20, 2021.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $44,370,000
• Market: Mahwah, Short Hills & Westwood, NJ
• Lender: Eric Regenbogen - Arbor Commercial Mortgage
• Landlord: Nicholas Serratelli - THG Properties
• Brokers: Brad Domenico & Eddie Miro - Progress Capital

The deal was facilitated by Brad Domenico and Eddie Miro from Progress Capital, who represented the buyer and seller in the transaction. Eric Regenbogen from Arbor Commercial Mortgage provided the loan for the acquisition. The borrower, represented by Nicholas Serratelli of THG Properties, secured a $44,370,000 loan for the purchase.