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JLL Capital Markets Group Secures $20 Million in Financing for Construction of 53-Unit Luxury Apartment Community in New Jersey

MORRISTOWN, TN - JLL Capital Markets announced today that it has closed the $20 million construction financing for 397 Millburn Ave., a 53-unit, three-story, luxury apartment development in Millburn, New Jersey.
JLL worked on behalf of the borrower, Eagle Cliff Real Estate Partners and MRY Associates, to secure the three-year, floating-rate loan through Provident Bank.
With an anticipated completion early 2024, the property will be developed to LEED standards, contain an underbuilding parking. ....

Short Hills , New Jersey , United States , Taylor Park , Salvatore Buzzerio , Jon Mikula , Provident Bank , Capital Markets , Eagle Cliff Real Estate Partners , Millburn Township , New York Penn Station , Garden State , Markets Debt Advisory , Senior Managing Director Jon Mikula , Analyst Salvatore ,

$20M financing secured for construction of luxury apartment community in New Jersey

$20M financing secured for construction of luxury apartment community in New Jersey
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Short Hills , New Jersey , United States , Taylor Park , Salvatore Buzzerio , Jon Mikula , Provident Bank , Eagle Cliff Real Estate Partners , Millburn Township , New York Penn Station , Garden State , Markets Debt Advisory , Senior Managing Director Jon Mikula , Analyst Salvatore ,