Greystone Provides $85.464 Million Refinance Loan For FIAT House Development In Fort Lee

The asset involved in this transaction is a development site located at 2100 North Central Road in Fort Lee, New Jersey. The site is associated with the FIAT House project, which consists of 309 residential units across two buildings. The development features more than 30,000 square feet of amenities and offers direct access to Manhattan, situated in Bergen County, where the multifamily market reports a sub-4% vacancy rate and exhibits strong rent growth.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $85,464,000
• Loan Type: Refinance
• Loan Terms: 10-year
• Lender: Judah Rosenberg, Triloki Kaushal, Zane Teslik & Jack Hudak - Greystone
• Brokers: John Alascio, Chuck Kohaut & Chris Meloni - Cushman & Wakefield

The refinancing of the FIAT House project was facilitated by Judah Rosenberg, Triloki Kaushal, Zane Teslik, and Jack Hudak from Greystone, while the brokerage services were provided by John Alascio, Chuck Kohaut, and Chris Meloni from Cushman & Wakefield. This transaction highlights key involvement from established professionals in the lending and brokerage sectors.