Woodmont Way at West Windsor at 100 Woodstone Circle in West Windsor — Courtesy: JLL
By Joshua Burd
Woodmont Properties has secured permanent financing for its newly built, 443-unit multifamily property in West Windsor, in a deal arranged by JLL.
According to the debt placement team, Northwestern Mutual provided the five-year, fixed-rate loan for an undisclosed amount in connection with the 13-building development at 100 Woodstone Circle. The refinancing comes roughly six months after Woodmont completed its lease-up of the garden-style property,
Woodmont Way at West Windsor, drawing renters with its high-end amenities and location within the Princeton region.
JLL Senior Managing Director Thomas Didio, Senior Director Thomas E. Didio Jr., Senior Analyst Salvatore Buzzerio and Analyst Benjamin Morgenthal represented Woodmont in sourcing the loan.
“This financing is the culmination of Woodmont’s planning, delivery and lease-up of the premier garden-style community in the greater Princeton submarket,” Didio Jr. said. “Northwestern Mutual moved quickly to lock rate in a highly volatile treasury market protecting the borrower from any further upward movements in base rates. JLL is pleased to bring Woodmont and Northwestern Mutual together to consummate this transaction in a highly challenged market.”
Built in 2022, Woodmont Way has a mix of one-, two- and three-bedroom homes with upscale finishes and appliances. Amenities include a two-story clubhouse, a swimming pool and a sundeck, along with a resident lounge with a fireplace and golf simulator, a high-end gym and outdoor courtyards with pickleball, among other offerings.
Residents are minutes by car from routes 1 and 206 and close to a host of recreation, retail and restaurant options. Princeton University is two miles away, while employers such as Bristol-Myers Squibb and the 2.3-million-square-foot Carnegie Center office campus are also nearby.
Woodmont hails lease-up of 443-unit luxury rental property in West Windsor
