Waterside Villas, Monroe Township, NJ
NEW YORK CITY—Sela Realty has received a $16.5 million FreddieMac Program Plus loan for the acquisition of a 100-unit seniorliving community in NJ. Greystone’s John Williams and EphraimKantor in the New York office originated the loan for the buyer,Sela Realty. Adam Zweibel of Gebroe-Hammer was the broker.
The $16.5 million Freddie Mac loan carries a 10-year term and30-year amortization, with a low, fixed-interest rate andinterest-only payments for the first five years.
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