JLL Secures $41.1 Million Construction Loan for East Islip Seniors Housing Development
JLL recently announced it has arranged a $41.1 million construction loan for Benchmark at East Islip, a seniors housing project located in East Islip, New York. The development is a collaboration between National Development and an affiliate of Benchmark Senior Living, marking their second partnership in Suffolk County.
The Benchmark at East Islip facility will feature a total of 104 licensed beds, comprising 64 assisted living units and 26 memory care apartments. Planned amenities for residents include various dining options, a theater, a fitness center, a salon, and multiple outdoor spaces. Construction for the project is currently underway, with an anticipated completion date in early 2028.
Jim Dooley led the JLL team in securing the debt for the joint venture. This financing underscores continued investment in specialized seniors housing, providing new development opportunities for firms in the sector.
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