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JLL Capital Markets organized everlasting financing for Centurion Union, a freshly built 80-device luxury condominium constructing located at 975 Bonnel Ct. in the Union Center community of Union, NJ. The firm’s Michael Klein and Max Custer labored on behalf of the borrower, American Landmark Advancement (ALD), to secure the long-phrase, preset-fee bank loan as a result of Provident Bank.

ALD, the specified redeveloper for the Union Center redevelopment job, accomplished design on the initial phase of the multi-phased Centurion Union project this past February. The curiosity from a diverse team of prospective renters resulted in a swift lease-up time period that permitted the borrower to just take out its building personal loan ahead of agenda.

“The project’s swift lease-up, significantly through the peak months of the COVID-19 pandemic is a testomony to the building’s fantastic spot, good quality finishes and the borrower’s arms on management crew,” explained Custer.

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Tags: Apartments & Multifamily, Broker, Funding

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Luxury Residences in Union Land Long-lasting Bank loan

Paul Bubny