David Greenberg Of Affinius Capital And Thomas Whitesell Of Kennedy Wilson Provide $384M Financing For Harborside 8 In Jersey City

The property asset involved is a development site located at 242 Hudson Street in Jersey City. The financing for this project was closed at a total loan amount of $384,000,000, which includes $78 million in preferred equity and a $306 million senior loan. The site will host Harborside 8, a 65-story luxury multifamily tower with 678 units, featuring ground-floor retail and premium amenities, with completion expected in late 2028.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $384,000,000
• Lender: David Greenberg - Affinius Capital
• Lender: Thomas Whitesell - Kennedy Wilson
• Landlord: Joseph A. Panepinto Sr. - Panepinto Properties
• Broker: Tom Didio - JLL

This transaction involved key individuals from various companies, including David Greenberg and Thomas Whitesell as lenders from Affinius Capital and Kennedy Wilson, respectively. Joseph A. Panepinto Sr. represents Panepinto Properties as the landlord, while Tom Didio acts as the broker for the deal.