The Real Deal | Chatham Luxury Rental Snag $103M Refinancing

BNE Real Estate Group secured a $103 million loan to refinance a newly constructed 245-unit luxury rental property in Chatham, New Jersey.

Northwestern Mutual provided the 10-year, fixed-rate loan for the six-story development at 2 River Road.

The financing environment has been challenging, but in this case BNE had no shortage of options, according to the JLL Capital Markets team led by Michael Klein and Thomas Didio Jr. that facilitated the deal.

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