NJ Real Estate Team’s Deal Featured in Real Estate NJ: The Briefing

March 20, 2024 | Real Estate, Zoning & Land Use

Rivkin Radler’s New Jersey real estate team handled a significant transaction that was covered in the March 20, 2024, issue of Real Estate NJ’s daily newsletter, The Briefing. The article, “Hudson Capital Properties sells 288-unit North Bergen rental community, CBRE says,” discusses the particular challenges represented by the acquisition of a 288-unit multifamily project in North Bergen, NJ.

The team, led by Khoren Bandazian and assisted by Dylan Mruczinski and paralegal Maria Camacho-Castro, represented the purchaser. The deal was complicated by navigating the stringent capital market conditions, Fannie Mae financing, township approval for the transfer of a redevelopment project and numerous other issues which frequently arise in deals of this nature.

However, in the end, the deal closed in accordance with the strict closing timeline, set forth in the purchase agreement and financing requirements.

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