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New York & Tri-State  + New Jersey  + Finance  | 

Bergen County Apartments Land Freddie Mac Loan

JLL Capital Markets arranged $30 million in financing for Ivy Lane, a 237-unit, garden-style multifamily community in the Bergen County community of Bergenfield, NJ. A team of Thomas Didio and Gerald Quinn worked on behalf of Tower Management Service, L.P., to secure the 10-year, fixed-rate loan through Freddie Mac.

“We were very pleased to execute this fixed-rate loan during the current market conditions,” Didio said. “Tower Management and Freddie Mac did a great job committing to and closing the loan, and a big thanks to our internal Freddie Mac team for their hard work getting this to the closing table.”

Located less than eight miles west of Manhattan, Ivy Lane consists of 17 two-story buildings that house a mix of 142 one-bedroom, 86 two-bedroom and nine three-bedroom units with an average size of 582 square feet. Tower Management also owns and operates the adjacent Omni Apartments.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).