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JLL Capital Markets Secures $32.45 Million in Construction Financing for 143-Unit The Rail at Bound Brook Apartments in New Jersey

MORRISTOWN, NJ – JLL Capital Markets announced today that it has arranged $32.45 million in construction financing for The Rail at Bound Brook, a to-be-constructed, 143-unit, mid-rise, transit-oriented, Class A apartment community located within an Opportunity Zone in Bound Brook, New Jersey. JLL represented the sponsorship, a joint-venture between Denholtz Properties and Redwood Real Estate Group, to secure a three-year, floating-rate loan through Citizens. The six-story The Rail at...
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