JLL arranges $47.48M refinancing for Ocean County multihousing community

JLL Capital Markets announced Tuesday that it closed the $47.48 million refinancing of a garden-style apartment community located in Ocean County.

JLL worked on behalf of the borrower to secure the 10-year, full-term, interest-only, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital LLC, a Fannie Mae DUS lender.

The JLL Capital Markets debt advisory team was led by Thomas R. Didio, Thomas E. Didio Jr., Gerard Quinn and Michael Mataras.

“JLL is pleased to secure a long-term, fixed-rate refinance with Fannie Mae on behalf of the borrower in today’s market conditions,” Didio Jr. said. “We continue to see the agencies remain active across a wide array of multifamily assets.”