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Hackensack Multifamily Scores $78M Refi Through NY Life
JLL Capital Markets closed the $78-million refinancing of The Current on River, a 254-unit, newly constructed multifamily community at 18 E. Camden St. in Hackensack, NJ.
The team of senior managing director Thomas Didio, senior director Thomas E. Didio, Jr. and associate Gerard Quinn represented the borrower, Brickyard Urban Renewal, LLC, an affiliate of Hekemian & Co., Inc., to secure the 10-year, fixed-rate loan through New York Life Real Estate Investors.
“The Current on River is a transformative project featuring best-in-class amenities and unit finishes,” said Didio. “The life company market remains aggressive for core, best-in-class, new development multihousing product. Thank you to Brickyard Urban Renewal, LLC and the Hekemian & Co. team for entrusting JLL to drive the market on this financing.”
- ◦Financing

