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35 Cottage Street

Affinius Capital Provides $180 Million Refinance Loan To Namdar Group For Mixed-Use Asset In Jersey City
FINANCEDMixed-use

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:

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

Aaron Appel

Walker & Dunlop

Broker

$32.9B

vol

196 deals

Broker
Affinius Capital
Affinius CapitalLender

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