JLL Arranges $135M Financing for Luxury Multifamily in Yonkers

JLL Arranges $135M in Construction Financing for Yonkers Multifamily Project

YONKERS, N.Y. — JLL has arranged $135 million in construction financing for The Ibex at Ridge Hill, a 282-unit multifamily project that will be located north of New York City in Yonkers. The financing consists of a $93 million construction loan from Bank OZK and $42 million in equity from Eagle Realty Group. Evan Pariser, Aaron Niedermayer and John Lowe of JLL arranged the financing on behalf of the sponsor, a partnership between Saber-Hightower…

Bank OZK Leads $135M Financing for Yonkers Apartments Build

Saber-Hightower has sealed a $135 million financing package to develop a luxury apartment project in Yonkers, N.Y., Commercial Observer has learned. Bank OZK supplied a $92 million construction loan while Eagle Realty Group provided $43 million of limited partner equity for the sponsorship’s planned 282-unit the Ibex at Ridge Hill multifamily community within the Ridge […]

JLL Arranges $135M Financing for Luxury Multifamily in Yonkers

JLL Capital Markets arranged $135 million in construction financing and joint venture equity for the development of The Ibex at Ridge Hill, a 282-unit luxury multifamily community at the Ridge Hill mixed-use lifestyle center in Yonkers. Senior managing directors Evan Pariser and Aaron Niedermayer and director John Lowe arranged the senior construction loan with Bank OZK and the LP equity investment from Eagle Realty Group, LLC on behalf of the d…

JLL Arranges $95M Refinancing for Luxury Multifamily Property in Brooklyn

JLL Capital Markets announced that it has arranged $95 million in refinancing for 544 Carroll Street, a newly developed, 133-unit luxury multifamily property situated at the confluence of the Park Slope and Gowanus neighborhoods. JLL worked on behalf of Avery Hall Investments, Bridge Investment Group and Declaration Partners to secure the 10-year, fixed-rate loan from […]