JLL Capital Markets Group Secures $77.5 Million in Construction Financing for 279-Unit Luxury Multifamily Development in Philadelphia
MORRISTOWN, NJ - JLL Capital Markets announced today that it has arranged $77.5 million in construction financing for a 279-unit, seven-story, luxury multi-housing development with 8,449 square feet of ground-floor retail, located in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. This project will the first phase of a two-phased development totaling 466 units and approximately 15,000 square feet of retail. JLL worked on behalf of the borrower, Saxum Real Estate, to secure...