JLL Capital Markets announced that it has arranged a $81.195 million financing for Atlas and Starling, two newly constructed multifamily properties in Jersey City, New Jersey.
JLL represented the borrower, Alpine Residential, to originate the five-year, interest only fixed-rate Freddie Mac loan for Atlas. JLL also worked to secure the five-year, interest only fixed-rate loan through Freddie Mac for Starling. Both loans will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.
Atlas, located at 270 Johnston Street and Starling, at 66 Monitor Street, are both situated in the Bergen-Lafayette section of Jersey City, directly adjacent to the Liberty State Park Light Rail stop, offering exceptional transit-oriented development (TOD) locations.
Completed in 2025, Atlas features 169 units, including 11 affordable units, while Starling offers 39 units with three affordable units. Both properties are highly amenitized and include two commercial spaces each. The loan proceeds will be used to take out the existing construction loans, which were also arranged by JLL.
JLL Capital Market’s Debt & Equity Advisory team representing the borrower was led by Senior Managing Director Thomas Didio, Managing Director Thomas E. Didio, Jr. and Senior Analyst Michael Mataras.
“We are pleased to have assisted Alpine Residential in securing permanent financing for these two high-quality multi-housing assets in Bergen-Lafayette,” said Didio, Jr. “The assets’ exceptional location and submarket leading amenities, combined with unparalleled access to the Light Rail and mass transit, attracted significant lender interest for this refinancing.”
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
