JLL Arranges $17M Construction Loan for Manhattan Multifamily Project

by Taylor Williams

NEW YORK CITY — JLL has arranged a $17 million construction loan for a 12-unit multifamily project that will be located at 66 Clinton St. on the Lower East Side of Manhattan. Kriss Capital provided the loan to the borrower, a partnership between Vault Development, Borough Equities and TLM. Units will feature private balconies, and residents will have access to a rooftop deck and a fitness center. Completion is slated for December 2021. Max Herzog, Marko Kazanjian and Matt Fagella of JLL arranged the loan.

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