CHICAGO, IL - JLL Capital Markets announced today that it has arranged a $10.5 million refinancing for Brookplace Luxury Apartments (“Brookplace”), a 36-unit, luxury multi-housing community in Fairfield, New Jersey.
JLL worked on behalf of the borrower, 74 Passaic Avenue, LLC, to secure the 15-year, fixed-rate loan through National Life Group.
Brookplace Luxury Apartments was constructed by the borrower in August of 2020 and completed lease up within a few short months. The 100.
JLL Capital Markets arranges $7 2M loan for Northpath Investments njbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njbiz.com Daily Mail and Mail on Sunday newspapers.
CHICAGO, IL - JLL Capital Markets announced today it has arranged a $42 million construction loan for the development of The Ridge at Readington, a 254-unit apartment community located in Readington, New Jersey.
JLL worked on behalf of the borrower, Larken Associates, to secure the three-year, floating-rate loan through ConnectOne Bank.
The Ridge at Readington will total 265,918 rentable square feet and consist of one-, two- and three-bedroom units across nine residential buildings and one central amenity clubhouse. Each apartment will feature spacious floorplans with modern design in mind, including engineered hardwood floors, gourmet kitchens with stainless steel appliances, quartz countertops and in-unit washers and dryers. Community amenities will include a 6,700-square-foot clubhouse with a state-of-the-art fitness center, game room, movie screening area, resident lounge with a kitchen and wet bar and an outdoor deck with lounge seating and a swimming pool.