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New Jersey multi-housing community secures $47.48M financing

JLL Capital Markets announced today that it has closed the $47.48 million refinancing of a garden-style apartment-home community located in Ocean County, New Jersey.

JLL worked on behalf of the borrower to secure the 10-year, full-term, interest-only, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.

The JLL Capital Markets Debt Advisory team was led by Thomas R. Didio, Thomas E. Didio Jr., Gerard Quinn and Michael Mataras.

“JLL is pleased to secure a long-term, fixed-rate refinance with Fannie Mae on behalf of the borrower in today’s market conditions,” said Didio, Jr. “We continue to see the agencies remain active across a wide array of multifamily assets.”

Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.

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 and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit our newsroom.

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