JLL Capital Markets Arranges $42 Million Construction Loan for Development of 254-Unit Apartment Community in New Jersey
CHICAGO, IL - JLL Capital Markets announced today it has arranged a $42 million construction loan for the development of The Ridge at Readington, a 254-unit apartment community located in Readington, New Jersey. JLL worked on behalf of the borrower, Larken Associates, to secure the three-year, floating-rate loan through ConnectOne Bank. The Ridge at Readington will total 265,918 rentable square feet and consist of one-, two- and three-bedroom units across nine residential buildings and one central amenity clubhouse. Each apartment will feature spacious floorplans with modern design in mind, i...
Source: multifamilybiz.com