By Joshua Burd
The owner of a 33-unit housing portfolio in Paterson has secured more than $3.6 million in financing for the properties, according to Totowa-based LCD Commercial Lending.
Dan Sterba, a vice president with LCD, sourced the debt on behalf of five LLCs affiliated with the properties, the addresses of which were undisclosed.
“Our client has a solid commitment to continue to provide housing in the city of Paterson,” Sterba said. “His plan is to continue to do so. He is a strong long-term investor in all of the properties he owns.”
