Dealmaker: Cushman & Wakefield Arranges Sale, $97.7M Acquisition Financing Provided by Greystone  

(Image courtesy of Cushman & Wakefield)

Cushman & Wakefield, Chicago, announced it arranged the sale of a multifamily property in Wayne, N.J., a New York-area suburb.

Cushman & Wakefield’s Equity, Debt & Structured Finance team of John Alascio, TJ Sullivan, Chuck Kohaut, John Spreitzer, Jason Blankfein and Mitch Rothstein served as the exclusive adviser to The Pomeranc Group in the procurement of $97,692,000 in acquisition financing.

The five-year Fannie Mae loan provided by Greystone, New York, was originated by Triloki Kaushal, Judah Rosenberg and Zane Teslik.

Cushman & Wakefield’s Niko Nicolaou, Ryan Dowd and Peter Welch along with Brian Whitmer represented the seller, UBS Realty Investors, and procured the buyer, The Pomeranc Group.

The property, called Mountain View Crossing, features 465 units and significant amenities.

“Situated in the affluent Northern New Jersey suburb of Wayne, this 465-unit apartment community represented a rare generational opportunity to purchase a premier multifamily complex in an area that has extremely high barriers to entry for any new development,” Dowd said.