Kaplan Companies Refinances 128-Unit Luxury Apartment Community In Toms River With $26.8M Loan From Nuveen Real Estate

The Camelot at Toms River, a 128-unit luxury apartment community in Toms River, New Jersey, has secured a $26.8 million loan for its growth and long-term value. The five-year fixed-rate loan was arranged by JLL on behalf of the property's owner, Kaplan Companies. The loan, provided by Nuveen Real Estate, will support the ongoing success and development of Camelot at Toms River.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,800,000
• Address: 100 Kaplan Court, Toms River
• Market: Toms River
• Units: 128

JLL, through brokers Matthew Pizzolato, Michael Klein, and Salvatore Buzzerio, represented Kaplan Companies in securing the loan from Nuveen Real Estate. Their expertise and negotiation skills were instrumental in finalizing the five-year fixed-rate loan, providing Kaplan Companies with the necessary financial support to enhance and maintain the value of Camelot at Toms River.

Note: This loan arrangement marks another milestone in the success story of Camelot at Toms River, which is poised to continue thriving in the future.