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MORRISTOWN, NJ – JLL Capital Markets announced today that it has arranged the $57.5M financing of EVO, a 220-unit, newly built, luxury multi-housing property located in downtown Englewood, New Jersey.
JLL represented the sponsorship, a joint venture between Claremont Development, Cypress Equity Investments and Battery Global Advisors, to secure the eight-year, fixed-rate loan through The Guardian Life Insurance Group of America.
EVO features spacious studio, one- and two-bedroom.
New-yorkUnited-statesPalisadesClaremontEnglewoodNew-jerseyAmericaGerard-quinnMichael-kleinBenjamin-morgenthalJon-mikulaClaremont-developmentSANTA MONICA, CA - Cypress Equity Investments (CEI), a national multifamily developer with a growing portfolio in Los Angeles, has announced that the 191-unit second phase of ‘Catherine Santa Monica’, a 281-residence luxury residential apartment community in Santa Monica, CA, has surpassed 70% leased in the nine months since its completion in December 2021. Catherine joins ‘Junction Santa Monica’, CEI’s adjacent 66-residence boutique apartment community on Lincoln.
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