facebook
Traded Co logo
Submit

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

Property Image
FINANCED
$16,000,000
Chuck Kohaut
Zachary (Zach) Kraft
+ 1

New Jersey

See Similar Deals
Mixed-use35,000 SF
Financed 09/13/2021
the dealplayerscompscontact
Property Image
FINANCED

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

619 Grove St, Jersey City, NJ, USA

See Similar Deals
Mixed-use35,000 SF
Financed 09/13/2021
Chuck Kohaut
Zachary (Zach) Kraft
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$457
Total Square Footage:35,000 SF
Transaction Type:Loan

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.

Players

John Alascio
56 deals$5.3B volume
BROKER

Zachary (Zach) Kraft
Cushman & Wakefield
22 deals$3.8B volume
BROKER

Chuck Kohaut
Cushman & Wakefield
41 deals$3.3B volume
BROKER

TJ Sullivan
Cushman & Wakefield
38 deals$3.1B volume
BROKER

Lionheart Strategic Management
LENDER

Details

FINANCED
IMAGE: John Alascio, Zachary Kraft, Chuck Kohaut & T.J. Sullivan DATE: 09/13/2021 ADDRESS: 619 Grove St MARKET: Jersey City ASSET TYPE: Mixed-use LENDER: Lionheart Strategic Management LANDLORD: Claremont Development BROKERS: John Alascio, Chuck Kohaut, T.J. Sullivan & Zachary Kraft - Cushman & Wakefield LOAN AMOUNT: $16,000,000

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$16,000,000.00

Monthly NOI$106,666.67
Monthly Debt Service$101,130.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00