Benefit Street Partners Provides $210 Million Construction Loan For Weehawken Condo Development Site

The property asset involved in this context is a condo development site located at 1800 Avenue at Port Imperial, Weehawken, NJ. It consists of 282 units, with a built square footage (BSF) of 496,644 and a net square footage (NSF) of 328,062. The loan amount secured for this development is $210,000,000, categorized as a construction loan.

Summary of transaction details:

• Property Type: Condo Development Site
• Transaction Amount: $210,000,000
• Address: 1800 Avenue at Port Imperial
• Market: Weehawken, NJ
• Units: 282
• Built Square Footage: 496,644
• Net Square Footage: 328,062
• Lender: Benefit Street Partners
• Landlord: David Wei - WHK Development
• Brokers: Peter Nicoletti, Dylan Kane & Zach Redding - Colliers

The key individuals involved in the deal include David Wei representing WHK Development as the landlord. The brokerage team consists of Peter Nicoletti, Dylan Kane, and Zach Redding from Colliers, facilitating the transaction. Benefit Street Partners is the lender providing the financing for this construction project.