Affinius Capital Lends $310M for Jersey City Multifamily Tower Build
The demand for apartments across the Hudson River keeps rising. Namdar Group has landed $310 million of construction financing to build a 47-story multifamily tower in Jersey City, N.J., Commercial Observer has learned. Affinius Capital originated the loan for Namdar’s…
The demand for apartments across the Hudson River keeps rising. Namdar Group has landed $310 million of construction financing to build a 47-story multifamily tower in Jersey City, N.J., Commercial Observer has learned. Affinius Capital originated the loan for Namdar’s…
BELLINGS Intelligence Score: 12
Why it matters
This $310 million construction loan for a Jersey City multifamily tower is a sizable but routine real estate financing transaction with limited broader market impact or novelty.
Sources
Commercial Observer
Affinius Capital Lends $310M for Jersey City Multifamily Tower Build
The demand for apartments across the Hudson River keeps rising. Namdar Group has landed $310 million of construction financing to build a 47-story multifamily tower in Jersey City, N.J., Commercial Observer has learned. Affinius Capital originated the loan for Namdar’s…