Investors have acquired a six-unit apartment building in North Bergen for nearly $900,000, in a deal arranged by Cervelli Real Estate & Property Management.
JLL
JLL worked on behalf of the borrower to arrange $155 million in construction financing for Charlie, a 386-unit multifamily development in Hoboken, New Jersey. The 27-story, luxury mixed-use residential tower is currently under construction and scheduled for completion in 2026. The development includes 386 units with an average size of 698 square feet, offering studios and junior one-, one-, two- and three-bedroom options. Units feature SmartRent controls for HVAC, along with top-tier amenities like a concierge service, fitness center and large rooftop deck with a pool. This project is also part of a public/private initiative to improve the Hoboken train station area and will receive New Jersey Aspire tax credits.
Amboy Bank
Amboy’s commercial real estate lending team has a unique position, as a privately owned, community bank, by having the ability and flexibility to provide quick decisions, offer construction financing as well as permanent loans with flexible terms, all while assisting clients throughout the entire process utilizing the specialized expertise and support that has become synonymous with Amboy.
Manasquan Bank
At Manasquan Bank, we proudly serve a diverse client base across New Jersey. Our borrowers range from first-time homebuyers and seasoned real estate investors to commercial developers and small business owners. We offer personalized guidance to individuals seeking to purchase or refinance their homes, and we provide customized financing solutions for commercial clients pursuing development projects or expanding their portfolios. Our team is deeply rooted in the communities we serve, which allows us to deliver local insights with a relationship-based approach.
