JLL Arranges $35.1M Construction Loan for Benchmark Senior Living Community in East Brunswick, NJ

MORRISTOWN, N.J. — June 16, 2026 — JLL Capital Markets has arranged $35.1 million in construction financing for Benchmark at East Brunswick, an 87-unit assisted living and memory care community planned for East Brunswick, New Jersey, the firm announced.

The loan was secured on behalf of a joint venture between National Development, a real estate investment, development and management firm, and an affiliate of Benchmark Senior Living, a senior living provider operating in the Northeast. Regions Bank provided the financing.

Project Details and Community Design

The three-story, 84,276-square-foot community will include 62 assisted living apartments and 25 memory care apartments, totaling 100 licensed beds. Planned amenities include multiple dining venues, a theater, a fitness center, a salon and a variety of outdoor spaces.

Construction began in June 2026, and the community is expected to open in 2028, according to the announcement.

The property is located in Middlesex County, which the announcement describes as one of New Jersey's more affluent and densely populated suburban areas. The site offers access to the NJ Turnpike, Route 18, retail and dining options, and regional healthcare institutions.

Financing Process and Lender Selection

JLL conducted a competitive marketing process for the construction loan, drawing quotes from multiple lending sources before selecting a lender. The source announcement identifies the lender as a prominent regional bank; Regions Bank has been identified as the lender in verified transaction records. JLL cited attractive terms across proceeds, pricing and structure as factors in the lender selection, and characterized the outcome as reflecting renewed interest from capital sources in seniors housing construction financing.

JLL Capital Markets operates as a global provider of capital solutions for real estate investors and occupiers, with more than 3,000 specialists in offices across nearly 50 countries.

Market Context

The announcement noted that the local senior population in the East Brunswick area is projected to see growth over the next decade, which the development team cited as a factor supporting demand for senior living in the market. No additional market data or third-party projections were provided in the announcement.

About the Firms

JLL (NYSE: JLL) reported annual revenue of $26.1 billion and operates in over 80 countries with a global workforce of more than 113,000 as of March 31, 2026, according to the firm. National Development is described as a real estate investment, development and management firm. Benchmark Senior Living is described as a leading senior living provider in the Northeast.

Sources: JLL Capital Markets press release, June 16, 2026