Lionheart Strategic Management Provides $16M Loan For Mixed-Use Property In Jersey City

619 Grove St, a mixed-use property in Jersey City, was recently involved in a closed transaction. The loan amount for this transaction was $16,000,000. Lionheart Strategic Management served as the lender, while Claremont Development acted as the landlord. The deal was facilitated by the brokers John Alascio, Chuck Kohaut, T.J. Sullivan, and Zachary Kraft from Cushman & Wakefield.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $16,000,000
• Address: 619 Grove St
• Market: Jersey City

This transaction involved several key individuals and companies. John Alascio, Chuck Kohaut, T.J. Sullivan, and Zachary Kraft represented Cushman & Wakefield in this deal. Their expertise and negotiation skills contributed to the successful completion of the transaction.