JLL Capital Markets Arrange $10.5 Million Refinance Loan for Brookplace Luxury Apartment Community in Fairfield, New Jersey
CHICAGO, IL - JLL Capital Markets announced today that it has arranged a $10.5 million refinancing for Brookplace Luxury Apartments (“Brookplace”), a 36-unit, luxury multi-housing community in Fairfield, New Jersey. JLL worked on behalf of the borrower, 74 Passaic Avenue, LLC, to secure the 15-year, fixed-rate loan through National Life Group. Brookplace Luxury Apartments was constructed by the borrower in August of 2020 and completed lease up within a few short months. The 100...
Source: multifamilybiz.com