facebook
Traded Co logo
Submit a Deal
622 Summit Avenue
FINANCED

Onkar Singh's GN Management Secures $70M Construction Loan For Jersey City Development Site With Ran Eliasaf's Northwind Group

622 Summit Avenue

Development Site
clock iconFinanced 144 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
NEW JERSEY
Development Site

GN Management, led by Onkar Singh, secured a $70 million construction loan from Northwind Group for a 29-story, 209-unit rental building in Jersey City's Journal Square at 622 Summit Avenue. The project, located just an 11-minute walk from the PATH train station, features an innovative design with balconies on ascending floors resembling The Edge observation deck.

Summary of transaction details

In facilitating the financing for GN, Mohammad Hadla of Signature Capital Associates showcased Northwind Group's prominence as a lender amid increasing developer activity in Jersey City.

Players

  • All

    3

  • Agents

    1

  • Agencies

    1

  • Lenders

    1

Mohammad Hadla's profile picture
Mohammad Hadla
Signature Capital Associates-image
Managing Principal

Details

Deal Summary
minus icon
FINANCED
IMAGE: Ran Eliasaf, Onkar Singh & Mohammad Hadla DATE: 02/01/2024 ADDRESS: 622 Summit Avenue MARKET: Jersey City ASSET TYPE: Development Site LENDER: Ran Eliasaf - Northwind Group LANDLORD: Onkar Singh - GN Management BROKER: Mohammad Hadla (@Hadlastic) - Signature Capital Associates LOAN AMOUNT: $70,000,000 LOAN TYPE: Construction NOTE: GN Management, led by Onkar Singh, secured a $70 million construction loan from Northwind Group for a 29-story, 209-unit rental building in Jersey City's Journal Square at 622 Summit Avenue. Featuring an innovative design with balconies on ascending floors resembling The Edge observation deck, the project is located an 11-minute walk from the PATH train station. Signature Capital Associates' Mohammad Hadla facilitated the financing for GN, reflecting Northwind Group's prominence as a lender amid increasing developer activity in Jersey City.

View on map

Loading...

Address622 Summit Avenue

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want