AT A GLANCE
Morristown, NJ
OUR EXPERTISE
Debt and equity placement and investment sales advisory
Michael Klein
Senior Managing Director
Jim Cadranell
Senior Managing Director
Thomas Didio
Senior Managing Director
Jon Mikula
Senior Managing Director
Thomas E. Didio Jr.
Managing Director
Gregory Nalbandian
Senior Managing Director
Max Custer
Senior Director
Gerard Quinn
Director
OUR CLIENTS
Institutional and private owners/operators and developers of multi-housing, office, hotels and hospitality, retail, industrial and logistics, health care and special purpose facilities including self-storage, data centers, senior housing and student housing.
TRANSACTION SPOTLIGHT
JLL worked on behalf of the borrower to arrange $155 million in construction financing for Charlie, a 386-unit multifamily development in Hoboken, New Jersey. The 27-story, luxury mixed-use residential tower is currently under construction and scheduled for completion in 2026. The development includes 386 units with an average size of 698 square feet, offering studios and junior one-, one-, two- and three-bedroom options. Units feature SmartRent controls for HVAC, along with top-tier amenities like a concierge service, fitness center and large rooftop deck with a pool. This project is also part of a public/private initiative to improve the Hoboken train station area and will receive New Jersey Aspire tax credits.
ON THE HORIZON
Continue working with borrowers who are having trouble getting out of higher-leverage construction loans through a refinance or recapitalization including mezzanine financing, preferred, joint venture or LP equity.
ONE MORE THING
We are spending a significant amount of resources implementing the latest AI technology to ensure we are capturing our data and using it to help our clients achieve their business goals and solve their problems.
