LIHC Investment Group And L&M Fund Management Secure $52.9M Refinance Loan For Multifamily In Jersey City

The Montgomery Paulus Hook is a multifamily asset located at 100 Montgomery Street in Jersey City, comprised of 308 units. The property has secured a refinance loan amounting to $52,900,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $52,900,000
• Lender: Dan Lyons - Rockport Mortgage Corporation
• Landlord: Charlie & Andrew Gendron - LIHC Investment Group; Ron Moelis & Joe Weishaar - L+M Fund Management
• Loan Type: Refinance

LIHC Investment Group and L+M Fund Management are engaged in property upgrades with the refinancing loan, focusing on common area renovations and unit improvements while maintaining affordable housing options for residents.