FINANCED
Kushner Companies Secures $515M Senior & Mezzanine Loan For Development Site In Jersey City
1 Journal Square
Development Site
2,000,000 SF
2,000,000 SF
Financed 1 year ago
Summary
Loan
NEW JERSEY
Development Site
2,000,000 sqft
Located at 1 Journal Square in Jersey City, this development site is a notable asset in the real estate market. Spanning an impressive 2,000,000 square feet, the property offers ample space for potential development.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $515,000,000
- Loan Type: Senior & Mezzanine Loan
In July 2022, a loan was secured for this property by AIG & Related Credit Funds. The loan amount of $515,000,000 was provided as a senior and mezzanine loan. The funds will support the future development of the site.
Laurent Morali of Kushner Companies played an instrumental role in this transaction as the landlord. His involvement highlights the significance of this deal for the company.
Details
FINANCED
IMAGE: Laurent Morali
DATE: 07/13/2022
ADDRESS: 1 Journal Square
MARKET: Jersey City
ASSET TYPE: Development Site ~ SF: 2,000,000
LENDER: AIG & Related Credit Funds
LANDLORD: Kushner Companies - Laurent Morali
LOAN AMOUNT: $515,000,000
LOAN TYPE: Senior & Mezzanine LoanView on map
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Address1 Journal Square
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