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NORTH BRUNSWICK, N.J. — JLL Capital Markets has arranged $47 million in financing for the recently constructed Amaranth at North Brunswick, a 222-unit active adult community in North Brunswick, approximately midway between Newark and Trenton.
JLL represented the borrower, The Kaplan Companies, in securing the seven-year, fixed-rate loan from Nuveen Real Estate. Proceeds were utilized to retire its existing construction loan.
Amaranth at North Brunswick features one- and two-bedroom floorplans with up to 1,397 square feet of living space.
Michael Klein, Matthew Pizzolato and Michael Meisner led the JLL Capital Markets debt advisory team.