MORRISTOWN, TN - JLL Capital Markets announced today that it has closed the $20 million construction financing for 397 Millburn Ave., a 53-unit, three-story, luxury apartment development in Millburn, New Jersey.
JLL worked on behalf of the borrower, Eagle Cliff Real Estate Partners and MRY Associates, to secure the three-year, floating-rate loan through Provident Bank.
With an anticipated completion early 2024, the property will be developed to LEED standards, contain an underbuilding parking.
$20M financing secured for construction of luxury apartment community in New Jersey rew-online.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rew-online.com Daily Mail and Mail on Sunday newspapers.
MORRISTOWN, NJ - JLL Capital Markets announced today that it has arranged $11 million in permanent financing for Rahway Plaza Apartments, a two-building, 288-unit high-rise apartment community located in downtown Rahway, New Jersey.
JLL represented the borrower, Denholtz Properties, to secure the five-year, fixed-rate loan through Malvern Bank, National Association.
The two-building Rahway Plaza Apartments offers one-, two- and three-bedroom residences with large terraces, all-inclusive.