Tower Management Service lands $12M credit facility

JLL Capital Markets announced on Thursday it has arranged a $12 million credit facility for Tower Management to be secured by four separate properties.

The credit line includes:

  •  97-99 Bayard Street in New Brunswick;
  • Spring Gardens apartments in New Providence;
  • Windsor Terrace apartment community in New Windsor, New York, and
  • Paltz River apartments in Montgomery, New York.

JLL’s Capital Markets team of Thomas Didio and Zachary Chaikin represented the borrowers.