TINTON FALLS, N.J. — Erickson Living has promoted Phil Jean to the position of executive director of Seabrook, a senior living community in Tinton Falls, approximately 35 miles south of Manhattan.
New Jersey
Greystone Provides $16.5M Freddie Mac Loan for Age-Restricted Community Acquisition in New Jersey
by Jeff Shaw
MONROE TOWNSHIP, N.J. — Greystone has provided a $16.5 million Freddie Mac Program Plus loan for the acquisition of Waterside Villas, an age-restricted community located in the Concordia neighborhood of Monroe Township. Sela Realty was the borrower and buyer. John Williams and Ephraim Kantor of Greystar’s New York office originated the loan, while Adam Zweibel of Gebroe-Hammer brokered the transaction. The loan carries a 10-year term and 30-year amortization schedule with a low, fixed interest rate and interest-only payments for the first five years. Built in 2009, Waterside Villas is a …