$75M financing secured for 398-unit multifamily building in Harrison, New Jersey
United States, Sept. 10 -- JLL Capital Markets announced that it has arranged $75 million in financing for Vermella Harrison, a 398-unit multifamily building in Harrison, New Jersey.Working on behalf of the borrower, Russo at Harrison Urban Renewal, LLC, JLL placed the five-year loan with a correspondent life insurance company.Completed in 2015, Vermella Harrison is a six-story apartment building offering studio, one- and two-bedroom units. Unit features include stainless steel appliances, hardwood floors, in-unit washer/dryers, walk-in closets and private balconies in select units. Residents have access to a full amenity package, including a fitness center and yoga studio, bocce court, dog run, rooftop terrace, swimming pool and clubhouse....
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