Adi Chugh Of TYKO Capital Provides $245 Million Construction Loan For Multifamily Asset In Jersey City

The property asset involved in this transaction is located at 23 Cottage Street in Jersey City. It features a multifamily asset comprising 622 units and encompasses a total of 438,000 square feet. The loan amount secured for this construction project is $245,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $245,000,000
• Address: 23 Cottage Street
• Market: Jersey City
• Lender: Adi Chugh - TYKO Capital
• Landlord: Nasser Freres
• Broker Representatives: Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Jordan Casella & William Herring - Walker & Dunlop
• Loan Type: Construction

This deal involves various key individuals and entities, including Adi Chugh from TYKO Capital as the lender, and Nasser Freres acting as the landlord. The transaction was facilitated by a team of brokers from Walker & Dunlop, which included Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz, Jordan Casella, and William Herring.