Namdar Group has snagged a $220 million bridge loan for a new 576-unit luxury apartment building in Jersey City, brokers with Walker & Dunlop announced Monday.
SCALE Lending has doubled down on Namdar Group’s development pipeline in Jersey City, providing another $243 million in financing for projects with a combined 811 apartments.
A developer has landed nearly $100 million in financing to both break ground on 235 apartments and acquire a nearby site that is approved for another 576 units, with both parcels located in Jersey City’s historic and re-emerging Journal Square neighborhood.
