$155 Million financing secured for multi-housing development Charlie: Hoboken Connect's mixed-use project
United States, Feb. 3 -- JLL Capital Markets announced today that it has secured $155 million in construction financing for , a 386-unit multifamily development in Hoboken, New Jersey.JLL represented the borrower, LCOR, Inc., in arranging the five-year floating-rate loan from insurance accounts managed by KKR.sits next to the NJ Transit Hoboken Terminal, providing exceptional access to multimodal transportation options such as NJ Transit buses, rail, light rail, NY Waterway ferry and PATH services. Positioned along the Hudson Waterfront, residents can reach Manhattan in 12 to 15 minutes. Hoboken, renowned for its vibrant live-work-play environment, features a dynamic mix of parks, shops, restaurants and nightlife, making it a top destinatio...
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