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$9.8M in financing secured for Jersey City multi-housing development

$9.8M in financing secured for Jersey City multi-housing development
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JLL Capital Markets Arranges $105 Million Refinance Loan for 362-Unit Apartment Community in Jersey City's West Side

MORRISTOWN, NJ – JLL Capital Markets announced that it has arranged $105 million in refinancing for Rivet and Rivet 26, a two-building, 362-unit, luxury multi-housing community located in Jersey City’s West Side neighborhood.
JLL worked on behalf of the borrower, a joint venture with The Hampshire Companies, Claremont Development and Circle Squared, to secure a two-year, non-recourse, floating-rate loan through Franklin BSP Realty Trust, Inc.
Rivet and Rivet 26 feature studio,. ....

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