White Oak Real Estate Capital Provides $30M Construction Loan For Development Site In Jersey City

White Oak Real Estate Capital has provided a $30 million construction loan for a development site located at 40 Center Street in Jersey City, NJ. The site spans 150,000 square feet and is owned by The Manhattan Building Company (MBC), represented by John Palumbo as the landlord. The loan was arranged by Greystone, with brokers Drew Fletcher, Matthew Hirsch, and Bryan Grover facilitating the deal.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $30,000,000
• Address: 40 Center Street, Jersey City, NJ
• Market: Jersey City, NJ
• Lender: White Oak Real Estate Capital - Eric Tanjeloff
• Landlord: The Manhattan Building Company (MBC) - John Palumbo
• Brokers: Drew Fletcher, Matthew Hirsch & Bryan Grover - Greystone
• Loan Type: Construction Loan

Erik Tanjeloff from White Oak Real Estate Capital served as the lender for this transaction. The Manhattan Building Company (MBC), led by John Palumbo, acted as the landlord. The deal was facilitated by Drew Fletcher, Matthew Hirsch, and Bryan Grover from Greystone. This construction loan, amounting to $30 million, allows for the development of the 150,000 square foot site located at 40 Center Street in Jersey City, NJ.