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.
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