Namdar Group Secures $390 Million Construction Loan From Affinius Capital And BH3 Management For Mixed-use Asset

The property asset involved is a mixed-use development located at 10 Lott Street in Jersey City. The asset comprises 1,049 units with a total square footage of 500,835. The loan amount secured for this property is $390,000,000, designated for construction purposes.

Summary of transation details:

• Property Type: Mixed-use
• Transaction Amount: $390,000,000
• Address: 10 Lott Street
• Market: Jersey City
• Units: 1,049
• Square Footage: 500,835
• Lender: Affinius Capital & BH3 Management
• Borrower: Namdar Group
• Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella, Edward Leboyer - Walker & Dunlop; Adam Falk - BH3 Management; Michael Lavipour - Square Mile Capital Management; David Greenburg - Affinius Capital
• Loan Type: Construction

The individuals involved in the loan transaction include multiple brokers representing various agencies. The brokers are Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella, Edward Leboyer from Walker & Dunlop; Adam Falk from BH3 Management; Michael Lavipour from Square Mile Capital Management; and David Greenburg from Affinius Capital.