Atlantic Development borrows $10.9M from JLL fund for 120 units in Highbridge

Peter Fine’s Atlantic Development Group through the entity Ogden Avenue Associates, L.P. as borrower signed a loan agreement with lender JLL Real Estate Capital valued at $10.9 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 120 residential units at 900 Ogden Avenue in Highbridge. The deal closed on July 30, 2020 and was recorded on September 9, 2020.
The property contains a total of 120,472 square feet of built space.
The average loan per unit is $90,417.
The last time the property sold was November 9, 2017, for $3,445,690. There is a typo on the cover sheet, misspelling JLL Real Estate Capital as JILL Real Estate Capital.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link