Updated Dec 19, 2025
JLL Secures $47.5M Refinance For Kaplan Companies' Multifamily Community In Sayreville
5105 Brown Road
$47,500,000
Units
176
Asset Type
MultiFamily
Closing
Dec 18, 2025
About this deal
AI
The property asset involved in the transaction is a newly delivered multifamily community located at 5105 Brown Road in Sayreville, New Jersey, consisting of 176 units. The refinancing secured amounted to $47,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $47,500,000
- Loan Type: Refinance
- Loan Terms: Five-year, fixed-rate
- Landlord: Kaplan Companies
- Brokers: Jim Cadranell, Michael Klein & John Cumming - JLL
- Market: Sayreville
JLL Capital Markets played a pivotal role in securing the refinancing, with the debt advisory team led by Michael Klein and Jim Cadranell, alongside John Cumming. The asset is strategically positioned near major highway and transit links within Middlesex County.
On the Map
$47,500,000
MultiFamily
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Players
Parlin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.33%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93