NORTH BERGEN, N.J. — Tower Management has received $24.2 million in financing for the acquisition of Hudson Ridge Apartments, a 215-unit asset in North Bergen. The property is situated at 7112-7312 Blvd. E, about eight miles north of New York City.
Built in 1949, Hudson Ridge Apartments offers a mix of studio, one- and two-bedroom units. Apartments include hardwood flooring, stainless steel appliances and oversized closets. Residents have access to outdoor amenities such as picnic areas and garage parking.
Thomas Didio, Thomas Didio Jr., Gerard Quinn and Michael Mataras of JLL Capital Markets worked on behalf of the borrower to secure the 10-year, fixed-rate loan through Freddie Mac. JLL Real Estate Capital LLC, a Freddie Mac Optigo Lender, will service the loan.