JLL Capital Markets arranged the three-year, floating-rate loan through Wells Fargo & Company for The Raye by Vermella, a development by Russo Development, LLC. JLLA 534-unit luxury apartment complex in Middlesex County has secured $162 million in financing, marking a significant investment in the area’s growing residential market. JLL Capital Markets arranged the three-year, floating-rate loan through Wells Fargo & Company for The Raye by Vermella, a development by Russo Development LLC. The property benefits from a 30-year Payment in Lieu of Taxes program, which provides tax incentives for the development. The JLL Capital Markets debt advisory team included Managing Director Thomas E. Didio Jr., Director Gerard Quinn and Associate Michael Mataras.