JLL arranges $62.5M refinancing for newly constructed Long Island multifamily community

NEW YORK, Jul. 22, 2025 – JLL Capital Markets announced today that it has completed the $62.5 million refinancing of Carlow Wind Watch, a newly constructed luxury multifamily property located at 1721 Motor Pkwy. in the Long Island hamlet of Hauppauge, NY.

A JLL Capital Markets team led by Senior Managing Director Aaron Niedermayer and Senior Director Robert Tonnessen worked on behalf of the borrower, Southern Land Company, a Nashville-based developer with a national footprint, to secure the financing from affiliates of Apollo.

“The lending market recognized that Southern Land Company is best-in-class and that with Carlow Wind Watch, they have brought a new level of luxury living to Suffolk County. We received a tremendous amount of lender interest and are pleased to have had another successful execution with the Apollo team,” said Niedermayer.

Completed in Q4 2024, Carlow Wind Watch features two buildings—five- and seven-story, respectively— with a total of 150 market rate apartments, each boasting premium finishes, a washer and dryer, custom closets and a generous balcony or outdoor terrace, with many overlooking Wind Watch Golf and Country Club.

The property features resort-style amenities that include a saltwater pool and heated spa, outdoor dining areas with gas grills, a resident clubroom and lounge area with demonstration kitchen and bar, fitness center, yoga studio, outdoor dining room and golf simulator. Carlow Wind Watch also has 24/7 package locker room, gated underground parking, resident bike room with tune-up shop, pet spa, and rentable storage space.

Located minutes from several of Long Island’s most important highways, including the Northern State Pkwy., Rte-454, the Long Island Expressway (I495), NY-25, as well as multiple Long Island Rail Road (LIRR) stations, Carlow Wind Watch provides residents with exceptional connectivity across Long Island and to New York City while offering residents a peaceful, luxurious suburban setting.

“We appreciate JLL’s efforts in securing favorable financing that supports our goals of owning and operating luxury, one-of-a-kind communities,” said Aaron Schneider, Director, Capital Markets, Southern Land Company. “This successful refinancing provides us with the foundation to continue delivering exceptional experiences at Carlow Wind Watch while supporting our strategic growth into the Long Island and New York markets.”

JLL is a leader in the New York tri-state commercial real estate market, with more than 4,800 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services.

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