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NUTLEY, NJ-PW Funding Inc., a subsidiary of Charter Municipal Mortgage Acceptance Co. (CharterMac) has provided mortgage financing totaling $1.67 million for Hillside Gardens Apartments here. PWF funded the loan, which carries a 6.93% interest rate, through Freddie Mac. The identity of the borrower was not disclosed.

Hillside Gardens Apartments is a five-story elevator-served building with 65 units. The unit mix consists of studio and one-bedroom units. On-site parking is available for about half the units.

PW Funding, which is based in Mineola, NY, has its New Jersey offices in Bernardsville. The company specializes in financing conventional apartments, commercial properties, senior housing and affordable housing properties. Its line of products includes programs from Fannie Mae, Freddie Mac, HUD, Wall Street conduits and life insurance companies.

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