JLL Capital Markets coordinates financing request for four properties in New Jersey and New York

MORRISTOWN, N.J., June 25, 2020 – JLL Capital Markets announced today that it has arranged a $12 million credit facility for Tower Management that will be secured by four separate properties. 

The line of credit will include 97-99 Bayard Street in New Brunswick, New Jersey; Spring Gardens apartments in New Providence, New Jersey; Windsor Terrace apartment community in New Windsor, New York, and Paltz River apartments in Montgomery, New York.  

JLL’s Capital Markets team representing the borrower was led by Thomas Didio and Zachary Chaikin. 

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.