The PW Funding Inc. subsidiary of Charter Municipal Mortgage Acceptance Co. arranged the loan through Freddie Mac. It carries a 5.91% interest rate, a debt service of 1.53x and a loan to value of 78%.
PW Funding, based in New York, has a New Jersey regional office in Bernardsville. The direct mortgage lender specializes in financing conventional apartments, commercial properties, senior housing and affordable housing programs, offering programs from Fannie Mae, Freddie Mac, HUD, Wall Street conduits and life insurance companies.
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