Fulton Realty Capital advised a private client on the acquisition of 9 multifamily buildings in Northeastern New Jersey. The transaction was sourced and managed by Fulton's multifamily team.
Totaling 70,000 SF, the portfolio includes 74 residential units, all of which participate in the Section 8 Project Based Voucher (PBV) program. Fulton secured a Fannie Mae Multifamily Loan to finance the transaction and led negotiations on a tax-abatement extension through 2058.