Walker & Dunlop Arranges $85.4M Bridge Loan For Jersey City Multifamily Property

The multifamily property located at 15 Carbon Place and 33 University Place Blvd in Jersey City has recently undergone a closed transaction. The property consists of 342 units and is situated in a vibrant market.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $85,400,000
• Loan Type: Bridge Loan
• Loan Terms: Two-year, fixed rate, non-recourse

Walker & Dunlop represented the parties involved in the transaction, including John Banas, Kris Wood, Christopher Philipps, John Wilson, Rhett Saltiel, and Erik DiGirolamo.

The loan secured for this transaction amounts to $85,400,000. It is a bridge loan with a two-year term, fixed rate, and non-recourse terms.