JLL: Sterling, Danbro land $67 million construction loan for Fair Lawn mixed-use project

$66.85M Construction Loan Arranged for Plaza Greene Fair Lawn's New Transit-Oriented 55+ Luxury Rental Community

JLL Capital Markets announced that it has secured a $66.85 million construction loan for Plaza Greene, a 145-unit luxury age-restricted apartment community with ground-floor retail in Fair Lawn, New Jersey. JLL represented the borrower, a joint venture between Sterling Properties and Danbro Properties, in arranging construction financing provided by PCCP and U.S. Bank. Plaza Greene will […] The post $66.85M Construction Loan Arranged for Plaza G…

JLL: Sterling, Danbro land $67 million construction loan for Fair Lawn mixed-use project

Located at 22-01 Fair Lawn Ave., Plaza Greene will include 145 age-restricted apartments and 24,035 square feet of retail space anchored by Sprouts Farmers Market. — Rendering courtesy: JLL By Joshua Burd Construction is underway for a new 145-unit age-restricted rental community in Fair Lawn with the help of nearly $67 million in financing, brokers with JLL announced this week. Its developers, Sterling Properties and Danbro Properties, broke gr…