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JLL Capital Markets Group Secures $77.5 Million in Construction Financing for 279-Unit Luxury Multifamily Development in Philadelphia

MORRISTOWN, NJ - JLL Capital Markets announced today that it has arranged $77.5 million in construction financing for a 279-unit, seven-story, luxury multi-housing development with 8,449 square feet of ground-floor retail, located in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. This project will the first phase of a two-phased development totaling 466 units and approximately 15,000 square feet of retail.
JLL worked on behalf of the borrower, Saxum Real Estate, to secure. ....

United States , New Jersey , Blaine Fleming , Thomase Didio Jr , Didio Jr , Michael Klein , Gerard Quinn , Center City Philadelphia , Northern Liberties , Saxum Real Estate , Front Street , Delaware Avenue , Fairmount Avenue , Brown Street , Spring Garden , Ben Franklin Bridge , Markets Debt Advisory , Senior Managing Directors Michael Klein , Ryan Ade , Senior Director Thomas , Director Gerard Quinn , Associate Blaine ,

$77.5M Financing Secured for Philadelphia Multi-Housing Development

$77.5M Financing Secured for Philadelphia Multi-Housing Development
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United States , New Jersey , Blaine Fleming , Gerard Quinn , Didio Jr , Thomase Didio Jr , Michael Klein , Center City Philadelphia , Northern Liberties , Saxum Real Estate , Front Street , Delaware Avenue , Fairmount Avenue , Brown Street , Spring Garden , Ben Franklin Bridge , Markets Debt Advisory , Senior Managing Directors Michael Klein , Ryan Ade , Senior Director Thomas , Director Gerard Quinn , Associate Blaine ,