CHATHAM, N.J. — JLL Capital Markets has arranged a $103 million loan for the refinancing of The Ivy, a six-story community in the New York City suburb of Chatham. JLL worked on behalf of the borrower, BNE Real Estate Group, to secure the 10-year, fixed-rate loan through The Northwestern Mutual Life Insurance Co. Michael Klein, Thomas Didio and Ryan Carroll led the JLL Capital Markets Debt Advisory team.
Completed in 2023, The Ivy offers 245 units in one-, two- and three-bedroom layouts. Units average 1,158 square feet. Amenities include a pool, outdoor lounge, multi-purpose lawn, media screening room, BBQ and dining areas, bar areas, a fitness center, social lounges, co-working lounges with private offices, sports simulators, a children’s playroom, a pet spa and dog run, shuttle service to NJ transit and covered garage parking.