JLLÂ Capital Markets arranged $35.1 million in construction financing for Benchmark at East Brunswick, an 87-unit / 100-bed assisted living and memory care community planned for East Brunswick, NJ. The financing was arranged on behalf of a joint venture between National Development , a prominent real estate investment development and management firm, and an affiliate of Benchmark Senior Living, a leading senior living provider in the Northeast.
JLL conducted a highly competitive marketing process, attracting numerous quotes from a broad array of lending sources. Ultimately, a prominent regional bank was selected.
The three-story, 84,276-square-foot community will feature 62 assisted living and 25 memory care apartments with 100 licensed beds. The property will be thoughtfully designed to the highest standards, incorporating premium unit finishes and an extensive array of amenities, including multiple dining venues, a theater, fitness center, salon and a variety of outdoor spaces. The community is expected to open in 2028.
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