PORTSMOUTH, N.H. — JLL Capital Markets has arranged a $96.8 million construction loan through Truist Bank for the development of Prescott Post, a 360-unit project in Portsmouth. The borrowers were Eastern Real Estate and The Kane Co. Construction began in October, and completion is slated for late 2027.
Set on 26 acres, the market-rate community will feature approximately 2.7 acres of green and community space as well as such amenities as clubrooms, coworking spaces, an indoor-outdoor fitness area with a yoga studio, outdoor kitchens, fire pits, a dog run with a pet wash station and private single-car garages. Units will feature quartz countertops, stainless steel Energy Star appliances and in-unit washers and dryers. JLL’s team was led by Brett Paulsrud, Andrew Gray and Hugh Doherty.