Northwestern Mutual Provides $110M Perm Loan for Jersey City Multifamily Tower
A joint venture between Spitzer Enterprises and Arden Group has sealed $109.5 million of permanent financing for a newly-built multifamily tower in Jersey City, Commercial Observer can first report. Northwestern Mutual supplied the loan to retire construction debt following the…
A joint venture between Spitzer Enterprises and Arden Group has sealed $109.5 million of permanent financing for a newly-built multifamily tower in Jersey City, Commercial Observer can first report. Northwestern Mutual supplied the loan to retire construction debt following the…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine commercial real estate financing transaction involving a $110 million permanent loan to refinance construction debt on a multifamily tower. While sizable, it represents ordinary business activity without novel structure or broad market impact.
Sources
Commercial Observer
Northwestern Mutual Provides $110M Perm Loan for Jersey City Multifamily Tower
A joint venture between Spitzer Enterprises and Arden Group has sealed $109.5 million of permanent financing for a newly-built multifamily tower in Jersey City, Commercial Observer can first report. Northwestern Mutual supplied the loan to retire construction debt following the…