Veris Residential Refinances Haus25 Luxury Rental Property In Jersey City With $340M Loan

Veris Residential has closed a $340 million Freddie Mac refinance for its luxury rental property, Haus25, located at 25 Columbus Drive in Jersey City. This multifamily asset has undergone a shift from office holdings to residential assets, and the loan supports Veris' transition in its investment strategy.

Summary of Transaction Details:

• Property Type: Multifamily
• Transaction Amount: $340,000,000
• Loan Type: Refinance
• Loan Terms: 5 year, fixed-rate
• Lender: Freddie Mac
• Landlord: Mahbod Nia - Veris Residential
• Brokers: James Millon, Tom Traynor, Adam Spengler, and Michael Sherman - CBRE

The Freddie Mac refinance for Haus25 was originated by CBRE, with James Millon, Tom Traynor, Adam Spengler, and Michael Sherman acting as brokers in the deal. This five-year fixed-rate loan allows Veris Residential to continue its focus on residential assets in the Jersey City market.