June 26, 2020 Comments Off on Tower Management Lines Up $12M Credit Facility Views: 404 New Jersey, New York News, Tri-State Area New York

Tower Management Lines Up $12M Credit Facility

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JLL Capital Markets announced today that it has arranged a $12-million credit facility for Tower Management Service L.P. that will be secured by four separate properties. Headquartered in River Edge, NJ, Tower Management owns approximately 20 garden-style apartment communities located in New York State and New Jersey.

The line of credit will include Tower Management’s Bayard Street Apartments in New Brunswick, NJ; Spring Gardens apartments in New Providence, NJ; Windsor Terrace apartment community in New Windsor, NY; and Paltz River apartments in Montgomery, NY.

JLL’s Capital Markets team representing Tower Management was led by Thomas Didio and Zachary Chaikin.

Pictured: Spring Gardens.

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