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JLL Capital Markets Arranges $42 Million Construction Loan for Development of 254-Unit Apartment Community in New Jersey


CHICAGO, IL - JLL Capital Markets announced today it has arranged a $42 million construction loan for the development of The Ridge at Readington, a 254-unit apartment community located in Readington, New Jersey.
JLL worked on behalf of the borrower, Larken Associates, to secure the three-year, floating-rate loan through ConnectOne Bank.
The Ridge at Readington will total 265,918 rentable square feet and consist of one-, two- and three-bedroom units across nine residential buildings and one central amenity clubhouse. Each apartment will feature spacious floorplans with modern design in mind, including engineered hardwood floors, gourmet kitchens with stainless steel appliances, quartz countertops and in-unit washers and dryers. Community amenities will include a 6,700-square-foot clubhouse with a state-of-the-art fitness center, game room, movie screening area, resident lounge with a kitchen and wet bar and an outdoor deck with lounge seating and a swimming pool. ....

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1st Security Bank Announces the Promotion of Ben Crowl as SVP, Consumer Lending


1st Security Bank Announces the Promotion of Ben Crowl as SVP, Consumer Lending
MOUNTLAKE TERRACE, WA / ACCESSWIRE / January 29, 2021 / 1st Security Bank is pleased to announce the promotion of Ben Crowl to the position of Senior Vice President, Consumer Lending. He previously served the Bank as Senior Vice President, Commercial Lending Team Lead.
Ben has 15 years of diverse experience in the banking industry, including many years as a commercial lender, team lead, and relationship manager. After beginning his career as a college intern at a local community bank in La Jolla, California, he found a passion for business banking and serving businesses and consumers alike. ....

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