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635 Bay Avenue
FINANCED

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

635 Bay Avenue

MultiFamily
clock iconFinanced 207 days ago
Salvatore Buzzerio
Matthew Pizzolato
Michael Klein
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Summary

Loan
NEW JERSEY
MultiFamily

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.

Players

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    5

  • Agents

    3

  • Agencies

    1

  • Lenders

    1

Salvatore Buzzerio's profile picture
Salvatore Buzzerio
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Analyst
$159.5M Sold
Matthew Pizzolato's profile picture

Details

Deal Summary
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FINANCED
IMAGE: Mike Sales, Andrew Rosen, Matthew Pizzolato, Michael Klein & Salvatore Buzzerio DATE: 12/19/2023 ADDRESS: 100 Kaplan Court MARKET: Toms River ASSET TYPE: Multifamily ~ UNITS: 128 LENDER: Nuveen Real Estate (@Nuveeninv) - Mike Sales LANDLORD: Kaplan Companies (@ThinkKaplan) - Andrew Rosen BROKERS: Matthew Pizzolato, Michael Klein & Salvatore Buzzerio (@SalBuzzerio) - JLL (@JLL) LOAN AMOUNT: $26,800,000 LOAN TYPE: Refinance LOAN TERMS: five-year, fixed-rate loan NOTE: JLL has arranged a $26.8 million loan for Kaplan Companies to support Camelot at Toms River, a 128-unit luxury apartment community in New Jersey. The five-year fixed-rate loan, secured through Nuveen Real Estate, will aid the property's growth and long-term value.

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