Link Media: CRE – New York Business Serious Estate Information

Get Reprints…

Oct 7, 2020

JLL Money Marketplaces organized long term funding for Centurion Union, a freshly built 80-unit luxury condominium making situated at 975 Bonnel Ct. in the Union Center neighborhood of Union, NJ. The firm’s Michael Klein and Max Custer worked on behalf of the borrower, American Landmark Enhancement (ALD), to protected the extensive-expression, fixed-rate personal loan by Provident Financial institution.

ALD, the designated redeveloper for the Union Center redevelopment challenge, done design on the 1st phase of the multi-phased Centurion Union project this previous February. The fascination from a numerous team of opportunity renters resulted in a swift lease-up interval that allowed the borrower to just take out its construction financial loan ahead of plan.

“The project’s swift lease-up, significantly in the course of the peak months of the COVID-19 pandemic is a testament to the building’s fantastic site, high quality finishes and the borrower’s fingers on administration staff,” said Custer.

Link With JLL’s Klein

Connect With JLL’s Custer

Get CRE Information in 150 text