GFP Real Estate Secures $25.5 Million Refinance Loan For Mixed-Use Properties In Jersey City

315 Coles Street, 316 Coles Street, 325 Coles Street, 326 15th Street & 265 Coles Street

$25,500,000

Building Size

—

Asset Type

Mixed-use

Closing

Jan 28, 2026

AI

The transaction involved a mixed-use asset located at 315, 316, 325, 326 15th Street & 265 Coles Street in Jersey City. GFP Real Estate secured a refinance loan amounting to $25,500,000, which is structured as a 10-year loan. This loan replaces a previous $25 million mortgage and reflects lender confidence in ground-lease assets that generate stable income.

Summary of transaction details:

Property Type: Mixed-use
Transaction Amount: $25,500,000
Lender: Apple Bank
Landlord: Brian Steinwurtzel & Eric Gural - GFP Real Estate
Brokers: Paul Talbot - Newmark
Loan Type: Refinance
Loan Terms: 10-year loan

The key individuals involved in this transaction include Brian Steinwurtzel and Eric Gural who represent GFP Real Estate as the landlords of the property. Paul Talbot represented the brokerage firm Newmark in this deal, supporting the refinance process with Apple Bank.

Players