East Brunswick, NJ Arrow Real Estate Advisors arranged $13.25 million in CMBS financing for North Lake Apartments, a 63-unit multifamily community located at 85 Main St.

The financing was arranged by Morris Betesh, founder and managing partner of Arrow Real Estate Advisors, alongside Morris Dabbah and Zach Strauss, on behalf of property owner and developer Mordy Lipkis. BMO provided the loan, which features a full-term interest-only structure.

Developed in 2021, North Lake Apartments is a townhome-style residential community situated on a 3.33-acre site comprising three, three-story buildings totaling 75,366 s/f. The property features exclusively two-bedroom residences, including 20 affordable units subject to area median income (AMI) restrictions, along with 131 parking spaces.