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BERNARDSVILLE, NJ-In three recently closed transactions, Larson Financial Services, based here, has provided financing of more than $7 million for three different properties. In the first, the firm closed $4.4 million in financing for a garden-style apartment complex in Teaneck, NJ, through Freddie Mac, according to Larson president Gus Larson. The financing features an amortization period of 30 years at a competitive interest rate. Cedar Ridge Apartments consists of 116 units in seven, two-story buildings constructed in 1962.

In the second transaction, LFR arranged financing through Freddie Mac for the 24-unit, six-year-old Sylvan Arms Apartments in Clifton, NJ. The amount was not disclosed, but also features a 30-year amortization period.

In the third transaction, LFR arranged $1.7 million financing with Berkshire Life Insurance for a ground lease for a site in Rochelle Park, NJ. The financing features a fully amortized 20-year loan. The 2.7-acre site contains pads leased by Burger King and Longhorn Steakhouse.

LFR is a commercial loan correspondent for Canada Life, Berkshire Life and ING, and is a Freddie Mac Program Plus Seller-Servicer. The firm, a wholly-owned subsidiary of Long Island-based PW Funding, also originates Fannie Mae DUS multifamily financing.

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