JLL Capital Markets arranged the refinancing for Ocean County, NJ community
News release
29 November 2022
New Jersey multi-housing community secures $47.48M financing
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MORRISTOWN, Nov. 29, 2022 – JLL Capital Markets announced today that it has closed the $47.48 million refinancing of a garden-style apartment-home community located in Ocean County, New Jersey.
JLL worked on behalf of the borrower to secure the 10-year, full-term, interest-only, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.
The JLL Capital Markets Debt Advisory team was led by Thomas R. Didio, Thomas E. Didio Jr., Gerard Quinn and Michael Mataras.
“JLL is pleased to secure a long-term, fixed-rate refinance with Fannie Mae on behalf of the borrower in today’s market conditions,” said Didio, Jr. “We continue to see the agencies remain active across a wide array of multifamily assets.”
Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged in California are pursuant to a California Financing Law license.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $19.4 billion, operations in over 80 countries and a global workforce of more than 102,000 as of September 30, 2022. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.