Working on behalf of the borrower, JLL Capital Markets arranged a $56 million refinancing with a 223(f) HUD loan for a multi-housing property in Burlington County.
The firm said the loan will be serviced by JLL Real Estate Capital LLC, a HUD approved MAP/Multi-housing and 232/Lean Healthcare Lender.
“As a HUD-approved lender, we were able to provide our client with an extremely attractive, long-term, fixed-rate option for their property,” Pizzolato said in a statement.
The community has 300 units. Further details of its location, nor the borrower, were not disclosed.