JLL Secures $50M Loan For 275-Unit Multifamily Property In Westampton New Jersey

This transaction involves a 275-unit Class A multifamily property located at 1200 Felix Way in Westampton, NJ. The asset was financed with a loan amounting to $50,000,000, secured through a fixed-rate loan arrangement over a five-year term.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $50,000,000
• Units: 275
• Address: 1200 Felix Way
• Market: Westampton
• Loan Terms: five-year fixed-rate

JLL Capital Markets played a key role in arranging the financing, securing the loan from a life insurance company. The borrower remains undisclosed; however, JLL highlighted the strong investor interest in Philadelphia’s suburbs that contributed to this deal.