Namdar snags $358 million construction loan for 1,126 new units in Journal Square, report says – Real Estate NJ
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Namdar snags $358 million construction loan for 1,126 new units in Journal Square, report says – Real Estate NJ
By Joshua Burd Namdar Group is set to break ground on a combined 1,126 new apartments in Jersey City after reportedly securing $358 million in construction financing. According to Commercial Observer, Tyko Capital provided the debt in connection with the two mixed-use projects at 29 Van Reipen Ave. and 612 Pavonia Ave. in the city’s booming Journal Square neighborhood. Newmark’s Jordan Roeschlaub, Nick Scribani and Max Ralby negotiated the deal …
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