An investment group has closed on its purchase of a 100-unit, age-restricted apartment tower in Newark with plans to begin a $20 million overhaul of the affordable housing property.
The owner of a 688-unit apartment complex in West New York has closed on a $140 million loan that will allow it to operate the property as affordable housing for another four decades.
The owner of two federally subsidized housing properties has closed on more than $50 million in financing, under a pair of transactions by Rockport Mortgage Corp.
A Boston-based mortgage banking firm has closed a $95 million loan to recapitalize a Jersey City apartment complex and allow it to continue to offer federally subsidized affordable housing.
