Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GMAC Commercial Mortgage’s Red Bank, NJ office has arranged a package of $8.1 million in fixed-rate, permanent financing for a 192-unit apartment complex in Highland Park, NJ The beneficiary of the loan is Highland Montgomery, LLC.

Altogether, the property totals some 97,000 sf of living space and common areas in four buildings on a 6.6-acre site in this community, which is situated across the Raritan River from New Brunswick. GMACCM vice president John D. Motzel arranged the Freddie Mac transaction.

Based in Horsham, PA, the mortgage brokerage firm is a wholly owned subsidiary of GMAC Commercial Holding Corp.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.