Built in 2021, Citivillage in Linden is comprised of 113 residential units and 17,900 square feet of retail space.

On April 22, Marcus & Millichap Capital Corp. announced it arranged $24 million in financing for that property, located at 1120 E. Saint Georges Ave. in the Union County municipality.

First Vice President Joseph Belgiovine, based in MMCC’s New Jersey office, secured the financing with M&T Realty Capital Corp., according to the firm, in a continuation of an ongoing strategic alliance between the two entities. The 10-year loan has an interest-only term of 60 months and a 30-year amortization, MMCC said.

“There continues to be strong lender interest in well located and occupied multifamily assets,” Belgiovine commented in a statement. Linden offers green and outdoor spaces within driving distance to larger cities like Newark and Manhattan. “While we secured multiple bids from various lender types, the agencies provided the most competitive rates and terms,” he added.

Citivillage offers amenities including a clubhouse, fitness center, dog park, bike storage room and rooftop access. Retailers at the property include tax service provider Jackson Hewitt, whose lease was announced in February.

M&T Realty Capital Corp., which has a office in New Jersey, is a wholly-owned commercial mortgage-banking subsidiary of M&T Bank Corp..