Multifamily Development in Jersey City, NJ
Loan Amount$120 million
Greystone has arranged a $120 million construction facility for Namdar Group. The construction loan was provided by SCALE Lending LLC, to finance a to-be-built 26-story, approximately 323,000 square foot mixed-use residential development comprised of 432 market rate rental apartment units and approximately 30,000 square feet of commercial space is located at 618 Pavonia Avenue in the Journal Square neighborhood of Jersey City, NJ. Greystone’s Drew Fletcher, Matthew Hirsch, and Bryan Grover served as the exclusive advisors in arranging the financing for the development.