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175 Morris Street
FINANCED

The Hampshire Cos. Secures $28.5M Construction Loan For 85-Unit Multifamily Property In Morristown

175 Morris Street

MultiFamily
clock iconFinanced 1 year ago
Jon Mikula
Michael Klein
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Summary

Loan
NEW JERSEY
MultiFamily

The Hampshire Cos. has secured a construction loan for a multifamily property in Morristown. The property, located at 175 Morris St, consists of 85 units. The loan, amounting to $28,480,000, has a three-year fixed-rate term.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $28,480,000
  • Address: 175 Morris St
  • Market: Morristown
  • Units: 85

The deal was facilitated by Michael Klein and Jon Mikula from JLL Capital Markets, who represented The Hampshire Cos.

Players

  • All

    3

  • Agents

    2

  • Agencies

    1

Jon Mikula's profile picture
Jon Mikula
JLL-image
Senior Managing Director
$110M Sold
Michael Klein's profile picture
Michael Klein
JLL-image
Senior Managing Director
$174.1M Sold

Details

Deal Summary
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FINANCED
IMAGE: Michael Klein & Jon Mikula DATE: 04/05/2022 ADDRESS: 175 Morris St MARKET: Morristown ASSET TYPE: Multifamily ~ UNITS: 85 LANDLORD: The Hampshire Cos. BROKERS: Michael Klein & Jon Mikula - JLL Capital Markets LOAN AMOUNT: $28,480,000 LOAN TYPE: Construction Loan LOAN TERMS: three-year, fixed-rate

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Address175 Morris Street

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