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JLL Capital Markets Group Arranges JV Equity and Debt for $135 Million Best-in-Class New Jersey Multifamily Housing Development

LIVINGSTON, NJ - JLL Capital Markets announced today that it has arranged the $88.6 million construction financing and the $38 million equity placement for Canterly Place, a 300-unit, to-be-built, Class A apartment building located in Livingston, Essex County, New Jersey.
JLL represented the sponsor, Okner Developers, LLC, to secure the 10-year, fixed-rate construction loan through Northwestern Mutual. JLL also arranged the joint venture equity with Northwestern Mutual.
Canterly Place will. ....

New Jersey , United States , Essex County , Jim Cadranell , Matthew Pizzolato , Jon Mikula , Michael Lachs , Capital Markets Team , Okner Developers , Northwestern Mutual , Capital Markets , Canterly Place , Okner Parkway , Eisenhower Parkway , Markets Team ,

$135M financing secured for multifamily community coming to Livingston

JLL arranged $135 million financing for a multifamily community set to bring 300 units to Livingston in Essex County. ....

Jim Cadranell , Matthew Pizzolato , Jon Mikula , Michael Lachs , Capital Markets Team , Okner Developers , Northwestern Mutual , Canterly Place , Essex County , Okner Parkway , Managing Directors Jon Mikula , Managing Director Matthew Pizzolato , Vice President Michael Lachs , Eisenhower Parkway ,

Okner Lands $135M for New Jersey Community

Northwestern Mutual provided the construction and joint venture equity financing for the mixed-income project. ....

New York , United States , New Jersey , Essex County , South Mountain Reservation , Cammeby International , Lessard Design Inc , Okner Developers , Lessard Design , Canterly Place , Okner Parkway , Eisenhower Parkway , Turtle Back Zoo , South Mountain , New York City , Invesco Real Estate Incometrust , Skylight Real Estate Partners , Central New Jersey ,