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30 Avenue at Port Imperial
FINANCED

JLL Arranges $150M Loan For Luxury Apartment Building In West New York

30 Avenue at Port Imperial

Development Site
clock iconFinanced 158 days ago
Ryan Carroll
Jon Mikula
Jim Cadranell
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Summary

Loan
NEW JERSEY
Development Site

A luxury 426-unit apartment building in West New York, New Jersey, known as RB3, has secured $150 million in construction financing. The development site, located at 30 Avenue at Port Imperial in the Port Imperial community, is owned by Marshall Tycher of Canoe Brook Development. The property is expected to be completed in Q4 2026 and offers unobstructed views of the Manhattan skyline, along with modern amenities.

Summary of transaction details

JLL, with brokers Jim Cadranell, Jon Mikula, Ryan Carroll, and Steven Klein, played a vital role in arranging the $150 million construction financing for RB3. The loan was provided by Northwestern Mutual Life Insurance.

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Ryan Carroll's profile picture
Ryan Carroll
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Associate, Debt & Equity
Jon Mikula's profile picture
$110M Sold

Details

Deal Summary
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FINANCED
IMAGE: Marshall Tycher, Jim Cadranell, Jon Mikula, Ryan Carroll & Steven Klein DATE: 01/18/2024 ADDRESS: 30 Avenue at Port Imperial MARKET: West New York ASSET TYPE: Development Site LENDER: Northwestern Mutual Life Insurance (@NorthwesternMutual) LANDLORD: Marshall Tycher - Canoe Brook Development BROKERS: Jim Cadranell, Jon Mikula, Ryan Carroll & Steven Klein - JLL (@JLL) LOAN AMOUNT: $150,000,000 LOAN TYPE: Construction Loan LOAN TERMS: five-year, fixed-rate loan NOTE: JLL has arranged $150 million in construction financing for RB3, a luxury 426-unit apartment building in West New York, New Jersey, part of the Port Imperial community. The property, set to complete in Q4 2026, offers unobstructed Manhattan skyline views and features modern amenities.

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Address30 Avenue at Port Imperial

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