LAKEWOOD, NJ–Eastern UnionFunding negotiated a $19.5 million loan for the buyer ofWashington Square Apartments here, in a deal that took just 30 daysstart-to-finish, GlobeSt.com has learned.
The OrbachGroup sold a 144-unitproperty with retail here last week for $26 million, accordingto Eastern Union, which arranged a $19.5 million mortgageloan for the buyer.
Shaya Ackerman negotiated the loan for theunidentified buyer of Washington Square apartments. The loan wasprovided by Investors Bank, and carries a 3.375%fixed interest rate on a seven-year term.
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