CJ Danziger Of Sevenstone Capital Secures $51.5M Bridge Loan For New Jersey Development Site

A bridge land loan has been secured for a 414-acre entitled land portfolio located in New Jersey. The loan amount is $51,500,000, supporting 890,000 square feet of industrial development, 800+ residential units, and an additional 580,000 square feet of industrial warehouse space. The loan type is specified as a bridge loan with cash-out, and the loan terms are pegged to SOFR 350.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $51,500,000
• Loan Type: Bridge
• Loan Terms: bridge land loan with cash-out, SOFR 350
• Landlord's Representative: CJ Danziger - Sevenstone Capital

The financing was facilitated by CJ Danziger, who represents the landlord in this transaction. The structuring involves a significant development potential with a focus on both industrial and residential opportunities.