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PLAINFIELD, NJ—Cronheim Mortgage has arranged $6.7 million in permanent financing for three multifamily buildings within a four-block radius in Plainfield’s Historical Distrct. The 4.35%, seven-year bank loan amortizes over 30 years. The buildings are: Pingry Arms at 606 Crescent Avenue, a six-story, 52-unit building; Cornell Arms at 735 Park Avenue, with six levels and 62-units; and 315 West 8th Street, with 27 units and 2.5 stories.

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