JLL Capital Markets Arranges $25.5 Million in Financing for 122-Unit Nest Micro Apartments in Journal Square Neighborhood of Jersey City
MORRISTOWN, NJ– JLL Capital Markets announced today that it has arranged the $25.5 million financing of Nest Micro Apartments, a 122-unit, mid-rise luxury apartment building in the Journal Square neighborhood of Jersey City, New Jersey. JLL worked on behalf of the borrower, 190 Academy Urban Renewal, LLC, to secure a loan through Argentic Investment Management, LLC. Completed in July of 2021, Nest Micro Apartments is a six-story building consisting of 122 studios. The custom-designed...