JLL Capital Markets Completes $88.34 Million in Construction Financing for 317-Unit Journal Square Urby Apartments in Jersey City

MORRISTOWN, NJ – JLL Capital Markets announced today that it has closed the $88.34 million non-recourse construction-to-perm financing of Journal Square Urby, a 317-unit, high-rise multi-housing development in Journal Square neighborhood of Jersey City, New Jersey.
JLL represented the borrowers, Urby and Panepinto Properties, to secure the ten-year, fixed-rate construction-to-perm loan through an institutional lender.
Journal Square Urby will feature a mix of studio, one-, two- and...

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