Thank you for sharing!

Your article was successfully shared with the contacts you provided.

RIVER EDGE, NJ-The Florham Park office of Holliday Fenoglio Fowler LP has secured a $20-million refinancing for River Terrace Apartments, a 379-unit multifamily community located at 144 Bogert Rd. here.

Working exclusively on behalf of River Terrace Gardens Associates, HFF senior managing director Thomas Didio and real estate analyst Michael Oliver placed the 10-year, fixed-rate loan with Freddie Mac. HFF, which is a Freddie Mac licensed Program Plus seller/servicer, will also service the loan.

The 97% leased property has one-, two- and three-bedroom units averaging 844 square feet each. Community amenities include laundry rooms and covered parking.

According to Didio, “River Terrace Apartments has historically maintained an occupancy rate in the mid-to-high 90s, in part due to its location just off State Route 4, a major east-west thoroughfare with an abundance of commercial and retail amenities.” The borrower was represented by Richard Kahn and Thomas Cangialosi of the Hackensack-based law firm, Winne, Banta, Hetherington, Basralian & Kahn.

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
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


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 © 2021 ALM Media Properties, LLC. All Rights Reserved.