BNE Real Estate Group announced that it secured $103 million in refinancing for The Ivy, a recently delivered, six-story, 245-unit luxury multi-housing community located in Chatham, N.J.
JLL worked on behalf of the borrower to secure the 10-year, fixed-rate loan through Northwestern Mutual Life Insurance Co.
Completed in 2023, The Ivy features one-, two- and three-bedroom units with an average size of 1,158 square feet. The units feature high ceilings, oversized windows, luxury plank flooring, modular closet storage, a modern kitchen with quartz countertops and a stainless-steel appliance package. Community amenities include a resort-style pool with private cabanas, a heated and covered outdoor lounge, a multi-purpose lawn, a media screening room, private barbecue and dining areas, firepits, bar areas, commercial-grade fitness center and movement studio, multiple social lounges, co-working lounges with private offices, sports simulators, card rooms, kid’s playroom, a
