$50M financing secured for Class A apartments in Westampton

JLL Secures $50M in Financing for Class A Apartments in New Jersey

JLL Capital Markets announced that it has arranged a $50 million financing for a 275-unit, class A apartments community in Westampton, Burlington County, New Jersey. The Class A apartment complex has convenient access to major highways and is approximately 20 miles from Center City Philadelphia. The community’s location in Burlington County appeals to those seeking […] The post JLL Secures $50M in Financing for Class A Apartments in New Jersey a…

JLL inks $50 million financing deal for Burlington County rental property – Real Estate NJ

An undisclosed borrower secured $50 million in financing in connection with a 275-unit multifamily property in Westampton. — Courtesy: JLL By Joshua Burd The owner of a 275-unit multifamily property in the Burlington County township of Westampton has snagged $50 million in financing, in a newly announced deal by JLL. In a news release, the debt placement team said a life insurance company provided the five-year, fixed-rate loan in connection wit…

$50M financing secured for Class A apartments in Westampton

JLL Capital Markets said Wednesday that it has arranged $50 million in financing for a 275-unit multifamily community in Westampton in Burlington County. JLL worked on behalf of the borrower to secure the five-year, fixed-rate loan through a life insurance company. JLL did not disclose the names of the borrower or the insurance company. The Class A apartment complex is about 20 miles from Center City Philadelphia. Westampton has seen growing int…