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

Meridian Arranges Freddie Mac Loan for Northern NJ Apartments

Meridian Capital Group has arranged $63,503,000 in Freddie Mac financing for Wayne Village, a 275-unit garden-style apartment community located at 27 Lancaster St. in Wayne, NJ. The financing was negotiated by Matt Texler of Meridian, who secured the loan through Capital One.

Wayne Village is a well-maintained, institutionally operated multifamily community comprised of 19 residential buildings offering a mix of one- and two-bedroom residences, including town house-style units. Originally constructed in 1965 and upgraded over time, the property offers residents a strong amenity package and an attractive suburban location within one of Northern New Jersey’s most affluent townships, less than 20 miles from Manhattan.

“Wayne Village is a durable multifamily asset in a strong NYC metro apartment market that continues to outperform many other markets around the country,” said Texler.

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Inside The Story

Meridian's Texler

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

  • ◦Financing
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