Following its completion, the 32-story Metro Edgewater secures $115 million in financing (Dec 2023)

Following its completion, the 32-story Metro Edgewater secures $115 million in financing (Dec 2023)

Metro Edgewater has been successfully completed and has secured $115 million in refinancing.

 
The 31-story tower commenced construction in the summer of 2021, quickly rising vertically within a few months. By July 2022, the first glass installations were completed, and the structure achieved its topping-off milestone by the fall of the same year.
 
In total, 279 apartments were constructed as part of the project.
 
As per the information on the Metro Edgewater website, units are currently available for immediate move-in. The least expensive unit listed on the site is a 710 square-foot residence priced at $3,040.
 
JLL Capital Markets has announced that it successfully arranged $115 million in financing for the recently completed building.
 
The borrower for the financing arrangement is a consortium consisting of Lujeni Corp, Camino Capital Management, and Building Block Realty.
 
The JLL Capital Markets Debt Advisory team, overseeing the financing arrangement, was led by a Managing Director, Senior Managing Director, Director, Associate, and Senior Analyst.
 
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