Commercial Real Estate Direct Staff Report
Aion Partners has paid $43.4 million, or $166,923/unit, for the 260-unit Stonegate at Iron Ridge apartment property in
The
Aion funded its purchase with a $34.7 million loan provided by Valley National Bank. The property previously was encumbered by $24.3 million of Freddie Mac debt that was securitized through FREMF, 2016-KF19. The old loan wasn't set to mature until June 2023 and was...

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