TKK Capital Secures $81M Refinance Loan From Societe Generale For 200-Unit Multifamily Property

215 Grove Street is a 200-unit multifamily property located in Jersey City. The asset has undergone refinancing amounting to $81,000,000, with the loan being structured as a five-year, interest-only term. The property was developed by TKK Capital and opened in 2024, offering modern amenities and convenient transit access.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $81,000,000
• Lender: Societe Generale
• Landlord: Sing Wang - TKK Capital
• Landlord's Representative: Brad Domenico, Frank Stanislaski, Niko Nicolaou, Ryan Dowd & Jack Suber - Cushman & Wakefield
• Lender's Representative: David Froschauer, Paul Cognetti & Carlos Lambarri Altamira - Societe Generale
• Loan Type: Refinance
• Loan Terms: five-year full-term, interest-only

Cushman & Wakefield facilitated the refinancing deal with Societe Generale for the property known as One Grove. The arrangement supports the high-end apartment community under TKK Capital's ownership, highlighting the involvement of multiple representatives from both the landlord and lender during the transaction.