JLL arranges $25.2 million acquisition financing for Cambridge West Partners

Londonderry, NH JLL Capital Markets arranged a $25.2 million in acquisition financing for Woodmont Commons Apartments, an 87-unit Class A apartment community with a 31,341 s/f retail component.

JLL worked on behalf of the borrower, Cambridge West Partners, in securing a fixed-rate acquisition loan through Metro Credit Union.

Built in 2019, Woodmont Commons is situated within the 600-acre Woodmont Commons mixed use district that features a Market Basket-anchored retail center, medical office space, a 240-unit luxury assisted living facility developed in 2023 and a new 264-unit multifamily project developed by Wood Partners. The residential community is 98.9% leased and 89% leased across the retail component, featuring diversified tenancy including Orange Theory Fitness, Ivybrook Academy, Bella Nova Salon and Liberty Mutual.

Woodmont Commons benefits from positioning along I-93, providing access to major urban centers of Southern New Hampshire and the northern submarkets of Greater Boston while remaining 40 minutes from downtown Boston. This location offers residents access to major employers including Fidelity’s one million s/f campus with 7,000-plus employees and BAE Systems, which employs more than 6,000 people in southern New Hampshire.

JLL Capital Market’s debt advisory team was led by executive managing director Riaz Cassum, director Ryan Parker, associate Hunter Cuthbertson and analyst Joe Marinaro.

“Southern New Hampshire’s multifamily market has demonstrated exceptional resilience with strong rent growth and stable occupancy driven by continued population and employment growth,” Parker said. “ Woodmont Commons unique positioning as a boutique multifamily community with integrated retail, anchored by its dynamic mixed-use surroundings, provides compelling long-term stability and growth potential that drew strong lender support.”