The Agnes at 132 Yale Ave. in Jersey City — Courtesy: BlueGate Partners LLC
By Joshua Burd
Fields Grade Development has landed $63 million in permanent financing in connection with a new luxury apartment complex in Jersey City, according to BlueGate Partners LLC.
In a news release, the capital markets firm said it teamed with M&T Realty Capital Corp. to secure the loan for what’s known as The Agnes. Fields Grade will use the proceeds to repay a construction loan from M&T Bank that helped finance the two-phase project on Yale Avenue, which includes 233 units ranging from studios to three-bedroom homes, as well as co-living four-bedroom apartments with private bedrooms in a fully furnished shared suite.
BlueGate’s Mark DeLillo, Marc Schulder, Lee Spiegelman and Felipe Marin completed the assignment alongside the M&T Realty Capital team of John Taylor and Andy Roland. They noted that the property also features ground-floor retail space that is fully leased, with amenities such as two outdoor courtyards, a fitness center, communal kitchen and other amenities.
