HOBOKEN, NJ—In a deal arranged by HFF, theownership of the Curling Club Apartments here hassecured $70 million in financing for the 240-unit multifamilyproperty.
HFF worked on behalf of the borrower, institutional investorsadvised by J.P. Morgan Asset Management, to securethe fixed-rate loan through Nationwide Life InsuranceCo. HFF brokered the sale of the asset to the borrower inJune 2014.
In the June sale, HFF marketed the property on behalf of PNCRealty Investors, Inc., as investment advisor to the AFL-CIOBuilding Investment Trust. The property was purchased free andclear of existing debt.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
