JLL Arranges $109.5M Loan for Refinancing of Apartment Building in Edgewater, New Jersey
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JLL Arranges $109.5M Loan for Refinancing of Apartment Building in Edgewater, New Jersey
EDGEWATER, N.J. — JLL has arranged a $109.5 million bridge loan for refinancing of a 226-unit, newly renovated apartment building in the Northern New Jersey community of Edgewater. Edgewater Riello features one-, two-, three- and four-bedroom units with an average size of 1,139 square feet, as well as penthouse suites. Amenities include a fitness center, sauna, golf simulator, resident party room and an outdoor lounge. JLL arranged the three-yea…
Skylight, PCCP score $110 million refi loan for 226-unit Edgewater rental tower, JLL says – Real Estate NJ
Riello Edgewater at 99 Gorge Road in Edgewater — Courtesy: JLL By Joshua Burd The owners of a 226-unit luxury apartment tower in Edgewater have refinanced the property for nearly $110 million, brokers with JLL announced Friday. According to a news release, MF1 provided the three-year, floating-rate loan in connection with what’s known as Riello Edgewater at 99 Gorge Road. JLL sourced the $109.5 million transaction on behalf of the borrowers, Sky…
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