Chaz Kauffman & Shawn Harriman Of C.H. Kauffman & Associates Secure $97M Construction Loan For Hoboken Mixed-Use Property

The property at 38 Jackson Street in Hoboken, NJ, is a mixed-use asset spanning 493,915 square feet. The construction loan worth $97,000,000 has been secured for the “Southwest Market Redevelopment” project at this location by Madison Realty Capital. The redevelopment will include 113 residential units, 41,170 square feet of “Flagship Retail”, 58,000 square feet of office/commercial space, and a 316-space parking structure for tenant and public use.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $97,000,000
• Address: 38 Jackson Street
• Market: Hoboken, NJ
• Lender: Madison Realty Capital
• Landlord: Taurasi Group
• Broker: Chaz Kauffman & Shawn Harriman - C.H. Kauffman & Associates

Chaz Kauffman and Shawn Harriman of C.H. Kauffman & Associates played a pivotal role in securing the $97,000,000 construction loan for the project. The existing structure is set to undergo renovation by Molfetta Corp., transforming it into a vibrant space that will feature various amenities including a covered courtyard, balconies for residential units, a rooftop terrace, basketball courts, a rooftop pool, and a green house. For all commercial financing needs related to this development, interested parties can contact [email protected] or call C.H. Kauffman at 732-212-0333.