A joint venture between Hornrock Properties and GTIS Partners secured $115 million in refinancing for Ivy and Green, a newly delivered, luxury multi-housing community totaling 389 units in Hackensack, N.J.
JLL worked on behalf of the borrower to secure the eight-year, fixed rate loan through Northwestern Mutual Life Insurance Company.
Completed in two phases in 2023 and 2024, Ivy and Green consist of two luxury apartment buildings featuring 221 and 168 units. Units are offered in studio, one- and two-bedroom layouts and feature finishes such as nine-foot ceilings, plank flooring, quartz countertops, stainless steel appliances, in-unit washers and dryers and balconies in select units. Amenities include concierge services, an outdoor pool and sundeck, fitness center and yoga studio, co-working spaces, resident lounge, theater and music studio, pet spa, bike storage and EV charging stations. Additionally, the property offers an on-site parking garage with 430 resident spa
