JLL arranged financing for the forthcoming Class A multi-family Englewood Circle, currently being built on about 2.5 acres in Englewood.
Financial terms of the loan were not disclosed.
Set to be competed in 2020, the 220-unit transit-oriented community will be located at 40 Bennett Road, offering access to Interstate 95, Route 4 and Palisades Interstate Parkway, JLL said.
Senior Managing Director Jon Mikula, Managing Director Michael Klein and Analyst Andrew Zilenziger of JLL Capital Markets led the team representing the developers.
“We are excited to be a part of Claremont’s foray into Englewood, a town that has seen tremendous growth, specifically in the luxury multi-housing space,” Mikula said in a statement. “Englewood Circle will provide the newest and most amenity intensive project in Englewood.”