JLL Capital Markets Group Secures $58 Million Refinance Loan for 240-Unit Luxury Midrise Apartment Building in Center of Jersey City

MORRISTOWN, NJ - JLL Capital Markets announced today that it has arranged the $58 million refinancing for 3 Journal Square, a 240-unit, luxury, mid-rise multi-housing apartment building located in Jersey City, New Jersey.
JLL represented the borrower, 3 Journal Square Urban Renewal, LLC, to secure the seven-year, fixed-rate loan through a life insurance company.
Built in 2017, 3 Journal Square offers one-, two- and three-bedroom units with bright, open layouts, full-size washers and dryers,...

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