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JLL Capital Markets Group Arranges $80 Million in Permanent Financing for 296-Unit Vermella at Garwood Station in Garwood, New Jersey

MORRISTOWN, NJ - JLL Capital Markets announced today that it has arranged $80 million in pre-stabilized permanent financing for Vermella at Garwood Station, a newly built, 296-unit, transit-oriented, luxury apartment building located in Garwood, New Jersey. JLL worked on behalf of the borrower, Russo Development, LLC (“Russo”) to secure a 10-year, fixed-rate, non-recourse loan through a national life insurance company at a low-two percent coupon, including a nine-month forward...
New Jersey United States Gerard Quinn Didio Jr Thomasr Didio Thomase Didio Jr

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