The deal was arranged by senior VP Robert Ranieri and senior VP/regional manager Ernest DesRochers of the Purchase, NY office of Legg Mason Real Estate Services, along with senior VP and regional manager Martin Klebanoff of the firm's New Jersey regional office. LMRES' home base is Philadelphia.
LMRES represented the borrower, the Park Hudson Tenants Corp., arranging the package through its correspondent relationship with Freddie Mac. The property is a refinance of an existing loan obtained through Freddie Mac's Streamlined Refinance Program.
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