**Carlow Wind Watch Luxury Apartments in Hauppauge Refinanced for $62.5 Million**
JLL Capital Markets has successfully completed the $62.5 million refinancing of Carlow Wind Watch, a newly constructed luxury multifamily property located at 1721 Motor Parkway in Hauppauge, a hamlet in Long Island, New York.
The financing was secured on behalf of the borrower, Southern Land Company — a Nashville-based real estate developer with a national presence — by a JLL Capital Markets team led by Senior Managing Director Aaron Niedermayer and Senior Director Robert Tonnessen. The funds were provided by 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.”
Carlow Wind Watch was completed in the fourth quarter of 2024 and comprises two residential buildings — one five stories and the other seven stories — totaling 150 market-rate apartments.
