MRG offering new service.
Announced at the New Jersey Apartment Association (NJAA) Convention in Atlantic City, the new relationship with Reilly Mortgage -- a Fannie Mae Delegated Underwriting and Servicing (DUS) lender -- gives MRG-NJ additional access to major new multi-family lending sources, according to Richard Koch, senior vice-president of the Miliburn-based commercial mortgage banker.
"Our relationship with Reilly Mortgage adds another prominent lending source to our extensive roster of financing institutions," says Koch.
"Since Fannie Mae offers a broad array of terms at very attractive interest rates, this new relationship creates new financing options for MRG-NJ customers," indicates Gerald Kray, vice president of Reilly Mortgage Capital Corp. "Fannie Mae DUS lenders such as Reilly Mortgage have the authority to approve up to $20 million without pre-review, helping borrowers finance all types and sizes of multi-family properties.
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|Title Annotation:||M. Robert Goldman and Company of New Jersey Inc.|
|Publication:||Real Estate Weekly|
|Article Type:||Brief Article|
|Date:||May 15, 2002|
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