Affinius Capital Provides $180 Million Refinance Loan To Namdar Group For Mixed-Use Asset In Jersey City
35 Cottage Street
$180,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Jun 25, 2026
AI
The property involved in this transaction is a mixed-use asset located at 35 Cottage Street in Jersey City. The loan amount secured for this property is $180,000,000 and it is categorized as a refinance. The specific characteristics of the asset are not elaborated upon in the provided context.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $180,000,000
- Lender: Affinius Capital
- Landlord: Namdar Group
- Date: 06/26/2026
In this transaction, the brokers representing the involved parties include Aaron Appel, Jonathan Schwartz, Adam Schwartz, Keith Kurland, Jordan Casella, Cole Grims, and Edward Leboyer from Walker & Dunlop, as well as David Greenburg, Michael Lavipour, and Noah Hakim from Affinius Capital.
Players
Market Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93