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New York & Tri-State  + New Jersey  + Finance  |  May 31, 2024
Emily Fu
By: Emily Fu

HKS Arranges $47M CMBS Loan for NJ MF Property 

HKS Real Estate Advisors has secured a $46.5 million CMBS loan with Citigroup for a new multi-family property at 1-5 Soldier Hill Road in Paramus, New Jersey. John Harrington of HKS managed the transaction. 

The property features 140 Class-A units across three buildings, totaling 240,000 square feet on a 35-acre site. Amenities include a pool, game rooms, and conference rooms, enhancing residents’ comfort and convenience. 

The financing supports a family-owned developer with over 30 years of experience in multi-residential, mixed-use, historic renovations, and commercial/industrial properties in New York, New Jersey, and Connecticut. 

Connect

Inside The Story

John Harrington

About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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