JLL Capital Markets Arranges $35.9M Refinancing Loan For Mixed-Use Property In Hoboken

The property involved in the transaction is a mixed-use asset located at 235 Hudson St. in Hoboken. It consists of 150 units and is situated in the Hoboken market.

Summary of transation details

• Property Type: Mixed-use
• Transaction Amount: $35,900,000
• Date: 01/10/2022
• Lender: Minnesota Life Insurance Company
• Landlord: Ironstate Development
• Brokers: Thomas Didio, Thomas E. Didio, Jr., Carlos Silva, and Salvatore Buzzerio - JLL Capital Markets
• Loan Type: Refinancing Loan
• Loan Terms: 10-year, fixed-rate loan

The loan amount for this transaction is $35,900,000. The loan type is a refinancing loan with a term of 10 years and a fixed interest rate. The lenders involved in this deal are Minnesota Life Insurance Company. The property's landlord is Ironstate Development, and the brokers representing the transaction are Thomas Didio, Thomas E. Didio, Jr., Carlos Silva, and Salvatore Buzzerio from JLL Capital Markets.