Construction loan arranged for NJ multi-phase mixed use project; self-storage facility to be the first stage of development
United States, Feb. 2 -- JLL Capital Markets announced that it has arranged construction financing for High Mountain Promenade, a mixed-use project consisting of 4,400 square feet of retail, a 74,715-square-foot self-storage facility and 90 luxury apartments in North Haledon, New Jersey.JLL worked on behalf of the borrower, a joint venture between Tulfra Real Estate and Hampshire Real Estate Companies, to secure the construction loan with First Bank. Loan proceeds will be primarily used to construct the self-storage facility, and a portion will be used for future development that will include 90 apartments and 4,400 square feet of retail with a drive-thru.When complete, the self-storage facility at High Mountain Promenade will be a three-st...
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