The financing package was arranged by Tom Didio, senior managing director of Holliday Fenoglio Fowler. The funding was provided by Columbia Bank, based in nearby Fairlawn, NJ
Holliday Fenoglio Fowler is an intermediary of capital for the commercial real estate industry. Nationally, the company arranged financing totaling more than $12 billion last year.
"This transaction is a sign of our continued activity here in New Jersey," according to Didio. "We expect to continue to work with Lancaster Developers as they develop other projects."
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