A Boston-based mortgage banking firm has closed a $95 million loan to recapitalize a Jersey City apartment complex and allow it to continue to offer federally subsidized affordable housing.
The newly formed syndication arm of an area real estate firm has made its first two deals, closing on vacant office buildings in Newark and Hackensack that it now plans to reposition.
With its partner, National Real Estate Advisors, KRE Group is preparing to open a high-profile project in one of Jersey City’s most storied neighborhoods — a 53-story residential tower that will mark the first piece of what’s known as Journal Squared.
