Meridian Capital Group has arranged $63,503,000 in Freddie Mac financing for Wayne Village, a 275-unit garden-style apartment community located at 27 Lancaster St. in Wayne, NJ. The financing was negotiated by Matt Texler of Meridian, who secured the loan through Capital One.
Wayne Village is a well-maintained, institutionally operated multifamily community comprised of 19 residential buildings offering a mix of one- and two-bedroom residences, including town house-style units. Originally constructed in 1965 and upgraded over time, the property offers residents a strong amenity package and an attractive suburban location within one of Northern New Jersey’s most affluent townships, less than 20 miles from Manhattan.
“Wayne Village is a durable multifamily asset in a strong NYC metro apartment market that continues to outperform many other markets around the country,” said Texler.
