BNE Real Estate Group Secures $103M Refinance Loan For The Ivy Multifamily

The Ivy is a newly built luxury apartment complex located at 2 River Road in Chatham, New Jersey. The property, owned by BNE Real Estate Group, received a $103 million refinancing loan from Northwestern Mutual Life Insurance Company. The 10-year, fixed-rate loan highlights the upscale amenities of the property, its strategic location near train stations for convenient access to Manhattan, and its proximity to key amenities and transportation hubs in the Chatham area.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $103,000,000
• Address: 2 River Road
• Market: Chatham

Michael Klein, Ryan Carroll, and Thomas E. Didio Jr from JLL played a crucial role in arranging the $103 million refinancing deal for The Ivy on behalf of BNE Real Estate Group. Their expertise and efforts in securing the 10-year, fixed-rate loan from Northwestern Mutual Life Insurance Company reflect strong lender interest and confidence in the quality and location of the luxury apartment complex.