Multi-Housing News Bank of America has provided $74.2 million of financing for the construction of a 256-unit apartment property at 329 Alfred Ave. in Teaneck, N.J. The property is being developed by Malas Development of Rochelle Park, N.J. The three-year loan, which pays a 7.8 percent coupon, was arranged by Eastern Union of New York. […]

The post BofA Provides $74.2Mln Construction Loan for Teaneck, N.J., Apartment Project appeared first on Commercial Real Estate Direct.