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Tower Management scores $30M mortgage on Bergen County complex

Ivy Lane in Bergenfield (Credit: Apartments)
Ivy Lane in Bergenfield (Credit: Apartments)

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Tower Management Service has secured a 10-year, $30 million mortgage on the 237-unit Ivy Lane multifamily complex in Bergenfield, according to NJBiz. Freddie Mac provided the fixed-rate financing. JLL arranged the loan and will service the loan through its subsidiary HFF. Ivy lane sits on the border of Teaneck and is a mix of one-bedroom, two-bedroom, and three-bedroom units across 17 two-story buildings.  Most of those are one-bedroom apartments. [NJBiz]

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