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$617 Million Multi-Tranche Capitalization Supports 8 Carlisle in Lower Manhattan
JLL Capital Markets has arranged a combined $617 million capitalization for two Grubb Properties-managed real estate investment trusts and Link Apartments 8 Carlisle, a large multifamily development in Manhattan’s Financial District. The transaction was completed through a coordinated three-phase process rather than a single project loan. It combined the formation and capitalization of a larger REIT platform with senior and mezzanine construction financing for Link Apartments
ARCFE U.S.
3 days ago3 min read
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