JLL Capital Markets arranged $47 million in financing for Amaranth at North Brunswick, an active adult community in North Brunswick, New Jersey, that was recently constructed. The community has 222 units, and experienced strong lease-up. It is a luxury community with amenities such as a demonstration kitchen, yoga room, dog park and dog day spa.
To retire the property’s existing construction loan, Nuveen Real Estate provided the seven-year, fixed rate loan for the borrower, Kaplan Companies. JLL’s team was led by Michael Klein, Matthew Pizzolato and Michael Meisner.
