Andrew Rosen Of Kaplan Companies Secures $38.4M Refinancing For 200-Unit Lofts At Helmetta

The property involved in this transaction is the 200-unit Lofts at Helmetta, located at 2100 Camelot Court in Helmetta, Middlesex County. The asset type is multifamily and is currently 96% leased. It has undergone adaptive reuse from the historic Helme Snuff Mill and operates under a long-term PILOT agreement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $38,400,000
• Lender: Nuveen
• Landlord: Andrew Rosen - Kaplan Companies
• Brokers: Jim Cadranell, Michael Klein & Michael Donohoe - JLL
• Loan Type: Refinance
• Loan Terms: five-year, fixed-rate

JLL arranged the refinancing deal, securing a five-year, fixed-rate loan for Kaplan Companies. This transaction showcases the collaboration of key individuals in the real estate financial sector, highlighting the roles of the brokers in facilitating the loan arrangement through Nuveen Real Estate.