JLL Secures $47.5M Refinance For Kaplan Companies' Multifamily Community In Sayreville

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.