The Kaplan Companies announced that it has secured $47 million in financing for the recently constructed Amaranth at North Brunswick, a 222-unit, luxury, 55+ active adult community in North Brunswick, N.J.
JLL represented the borrower in securing the seven-year, fixed-rate loan from Nuveen Real Estate. Proceeds were utilized to retire an existing construction loan.
Amaranth at North Brunswick features low-maintenance living with one- and two-bedroom floorplans with up to 1,397 square feet of living space. Residents have access to onsite amenities such as a versatile clubhouse with a state-of-the-art fitness center, yoga room, package room, multipurpose room, dog spa and demonstration kitchen. The property also features a heated swimming pool with barbeque area and fire pits, as well as a dog park, putting green, shuffleboard and bocce.
Amaranth at North Brunswick is located at 2775 U.S. Route 130. The property is directly proximate to Route 130, Route 1 and the
