JLL Capital Markets has arranged $62 million in financing for a portfolio of five apartment complexes totaling 541 units across New Jersey and other parts of the New York metro region.

The deal, announced Monday, covers properties owned by Tower Management Service that span strategic suburban locations in New Jersey, according to a JLL statement.

JLL Real Estate Capital will service the loans as a Freddie Mac Optigo Lender.

Four of the properties are located in the New Jersey communities of Bergenfield, Englewood, Hackensack and Summit.

Spring Gardens Apartments in Summit, built in 1968, anchors the portfolio and maintains occupancy above 97%.

JLL’s debt advisory team secured 10-year, fixed-rate financing for the portfolio.

The JLL team included Senior Managing Director Thomas Didio

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