Cronheim Mortgage Secures $124.1M Refinance Loan For Grove Pointe Apartments In Jersey City | 100 Christopher Columbus Drive | Dev Morris, Andrew Stewart, Allison Villamagna | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

Cronheim Mortgage has secured a $124.1 million loan to refinance the Grove Pointe Apartments situated at 100 Christopher Columbus Drive in Jersey City. This multifamily property comprises 458 units and is located in the bustling market of Jersey City.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $124,100,000
Address: 100 Christopher Columbus Drive, Jersey City
Market: Jersey City
Units: 458

Allison Villamagna, Andrew Stewart, and Dev Morris from Cronheim Mortgage played a pivotal role in arranging the refinancing deal for the Grove Pointe Apartments. The loan secured through their effort will provide funds for capital improvements at the property, contributing to its overall enhancement.

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1

Commercial Real Estate Agent

Cronheim Mortgage

Details

Deal Summary

FINANCED

IMAGE: Andrew Stewart, Dev Morris & Allison Villamagna DATE: 10/20/2023 ADDRESS: 100 Christopher Columbus Drive MARKET: Jersey City ASSET TYPE: Multifamily ~ UNITS: 458 BROKERS: Allison Villamagna, Andrew Stewart & Dev Morris - Cronheim Mortgage LOAN AMOUNT: $124,100,000 LOAN TYPE: Refinance NOTE: Cronheim Mortgage secured a $124.1 million loan to refinance the 458-unit Grove Pointe Apartments in Jersey City. The refinancing, arranged by Cronheim Mortgage, will help fund capital improvements for the property.

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Address100 Christopher Columbus Drive

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