TWIN PONDS APARTMENTS – HAMILTON, NJ

Details

Loan Type: Non-Recourse

Loan: $7,350,000

Phase I of the development project consists of 56 units. The $7,350,000 non-recourse bank loan was used to pay off existing debt and features a 75% LTV, with a ten-year term and 30-year amortization with an interest rate of 4.125%.

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