**Hauppauge Luxury Apartments Refinance Secures $62.5M**
JLL Capital Markets has completed the $62.5 million refinancing of Carlow Wind Watch, a newly constructed luxury multifamily development located at 1721 Motor Parkway in Hauppauge, New York.
A team from JLL, led by Senior Managing Director Aaron Niedermayer and Senior Director Robert Tonnessen, represented the borrower, Southern Land Company—a Nashville-based real estate developer with a national presence. The financing was secured through affiliates of Apollo.
“The lending market recognized that Southern Land Company is best-in-class and that with Carlow Wind Watch, they have brought a new level of luxury living to Suffolk County,” said Niedermayer. “We received a tremendous amount of lender interest and are pleased to have had another successful execution with the Apollo team.”
Completed in the fourth quarter of 2024, Carlow Wind Watch comprises two buildings—one five stories and the other seven stories—offering a total of 150 market-rate apartments.
