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Hackensack multifamily secures $78M in refinancing, JLL says

$104 93M financed for Long Island multi-housing community

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.

JLL Capital Markets Group Arranges $80 Million in Permanent Financing for 296-Unit Vermella at Garwood Station in Garwood, New Jersey

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.

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