JLL Secures $29.5M Construction Financing for Soho Park Residences in Nutley New Jersey

JLL Secures $29.5M Construction Financing for Soho Park Residences in Nutley New Jersey

JLL Capital Markets announced that it has arranged a $29.5 million construction financing for Soho Park Residences, an 85-unit, age-restricted (55+) luxury residential development in Nutley, New Jersey. JLL worked on behalf of the borrower, Rock Solid Builders Inc, in facilitating the 2.5-year, floating-rate loan through Kearny Bank. Scheduled to begin vertical construction in spring […] The post JLL Secures $29.5M Construction Financing for Soh…

Luxury senior housing project in Nutley scores $29 million construction loan, JLL says – Real Estate NJ

Plans for Soho Park Residences at 116 Harrison St. in Nutley call for luxury one- and two-bedroom apartments for renters 55 and older, plus amenities such as a high-end fitness and wellness center, a library, a sun deck with a pool and a sleek resident clubroom, among others. — Rendering courtesy: JLL By Joshua Burd A developer has secured a nearly $30 million construction loan for an 85-unit, age-restricted residential project in Nutley, broker…