Okner Developers News Today

LIVINGSTON, NJ - JLL Capital Markets announced today that it has arranged the $88.6 million construction financing and the $38 million equity placement for Canterly Place, a 300-unit, to-be-built, Class A apartment building located in Livingston, Essex County, New Jersey. JLL represented the sponsor, Okner Developers, LLC, to secure the 10-year, fixed-rate construction loan through Northwestern Mutual. JLL also arranged the joint venture equity with Northwestern Mutual. Canterly Place will...

JLL arranged $135 million financing for a multifamily community set to bring 300 units to Livingston in Essex County.

Northwestern Mutual provided the construction and joint venture equity financing for the mixed-income project.