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.
$88.34M financed for Jersey City multi-housing development 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.
JLL Capital Markets announced today that it has closed the $104.93 million financing of The Wel, a 260-unit, newly constructed, mid-rise multi-housing community located in Lindenhurst, New York along the South Shore of Long Island. JLL represented the borrower, Fairfield Properties, to secure the 15.5-year, fixed-rate loan through Freddie Mac Multifamily. The.
MORRISTOWN, NJ - JLL Capital Markets announced today that it has arranged $80 million in pre-stabilized permanent financing for Vermella at Garwood Station, a newly built, 296-unit, transit-oriented, luxury apartment building located in Garwood, New Jersey.
JLL worked on behalf of the borrower, Russo Development, LLC (“Russo”) to secure a 10-year, fixed-rate, non-recourse loan through a national life insurance company at a low-two percent coupon, including a nine-month forward.