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FRANKLIN TWP., NJ-KS Realty Inc., a local firm, has received first mortgage financing totaling just under $7.7 million for its 285 Davidson Ave. office building in this Somerset County community. The building’s major tenants include Federal Express and Melillo Consulting Inc.

The financing was arranged by Martin Klebanoff, senior vice president and managing director in the Northern New Jersey regional office of the Minneapolis-based NorthMarq Capital Inc. The deal was put together through NorthMarq’s correspondent relationship with Sun Life Assurance Co. of Canada.

“The borrower’s reputation and strong loan performance for the past seven years was a major reason that Sun Life provided the refinancing at this time,” Klebanoff explains. “As the existing lender, Sun Life was able to provide a competitive pre-payment advantage to the borrower.”

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