The Pomeranc Group has acquired Mountain View Crossing, a 465-unit multifamily property in Wayne, New Jersey from UBS Realty Investors. To finance the purchase, The Pomeranc Group secured $97.7 million through a five-year Fannie Mae loan from Greystone.
Located at 650 NJ-23, Mountain View Crossing is a Class A multifamily complex with various unit types and amenities such as swimming pool, BBQ area, tennis and basketball courts; clubroom; fitness center; and dog park.
Cushman & Wakefield represented the seller in this transaction while procuring the buyer with Niko Nicolaou’s team of Ryan Dowd and Peter Welch along with Brian Whitmer leading it up front. John Alascio’s C&W team comprising TJ Sullivan , Chuck Kohaut , John Spreitzer , Jason Blankfein & Mitch Rothstein acted as exclusive advisors to The Pomeranc Group for acquisition financing procurement . Triloki Kaushal , Judah Rosenberg & Zane Teslik originated the five year Fannie Mae loan provided by Greystone .
