Camelot at Cinnaminson
Loan: $38 million
Institution: Borrower/Kaplan Companies Financier: Life Insurance Company Location: Cinnaminson, NJ Gary Cohen, managing director and Marc Nevins, investment analyst at NorthMarq’s NJ regional office, arranged the $38 million refinance of Camelot at Cinnaminson, a 405-unit multifamily property located at 198 Camelot Court in Cinnaminson, NJ. The permanent fixed rate loan was structured with a fully amortizing 30-year term. NorthMarq arranged financing for the borrower, Kaplan Companies, through its correspondent relationship with a life insurance company.