Business Services Industry
AFC Realty Capital
Real Estate Weekly, Dec 20, 2000
AFC Realty Capital has arranged $3.5 million in permanent financing for an 8-story retail center in the Bergen County town of Waldwick, N.J.
The financing will be used by Hamilton Properties, LLC, owner of the 26,000 square-foot building located at 140 Franklin Ave., to pay off its original mortgage and generate additional capital for the company, according to Arthur Fefferman, president of the Manhattan-based real estate investment banking and mortgage brokerage firm.
The refinancing loan was a 10-year term, with a 30-year amortization. It was placed with a Wall Street lender. Called Hamilton Square, the retail building's tenants include N.Y. Golf, All Seasons and AT&T Wireless. The transaction was organized and placed by Joseph Fatony, Managing Director for AFC Realty.
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