The loan will support 13 properties with market-rate garden-style apartment units in northern and central New Jersey.
The $296 million loan, originated through Freddie Mac, will support 13 properties with market-rate garden-style apartment units in Middlesex, Somerset, Union, Monmouth and Morris counties.A group of housing complexes with more than 1,800 apartments across five New Jersey counties has secured $296 million in financing, The loan, originated through Freddie Mac, will support 13 properties with market-rate garden-style apartment units in Middlesex, Monmouth, Morris, Somerset and Union counties.
The fixed-rate, 10-year partial interest-only term loan will be serviced by JLL Real Estate Capital LLC, a Freddie Mac Optigo Lender.JLL’s Debt Advisory team representing the borrower was led by Senior Managing Directors Michael Klein and Thomas E. Didio, Jr., along with Associate Michael Mataras and Senior Analyst Joseph Gruber.The Advance Local Express Desk uses AI tools to assist in producing content, which is reviewed and edited by staff. Advance Local is the parent company of AL.com, Cleveland.com, lehighvalleylive.com,...
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