FINANCED
Veris Residential Refinances Haus25 Luxury Rental Property In Jersey City With $340M Loan
25 Columbus Drive
MultiFamily
Financed 258 days ago
Summary
Loan
NEW JERSEY
MultiFamily
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.
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Details
FINANCED
IMAGE: James Millon, Tom Traynor, Adam Spengler, Michael Sherman & Mahbod Nia
DATE: 08/18/2023
ADDRESS: 25 Columbus Drive
MARKET: Jersey City
ASSET TYPE: Multifamily
LENDER: Freddie Mac (@FreddieMacCorp)
LANDLORD: Mahbod Nia (@MahbodNia) - Veris Residential (@VerisResidential)
BROKERS: James Millon, Tom Traynor, Adam Spengler & Michael Sherman - CBRE (@CBRE)
LOAN AMOUNT: $340,000,000
LOAN TYPE: Refinance
LOAN TERMS: 5 year, fixed-rate
NOTE: Veris Residential has closed a $340 million Freddie Mac refinance for its luxury rental property, Haus25, in Jersey City. The five-year fixed-rate loan, originated by CBRE, supports Veris' shift from office holdings to residential assets.View on map
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Address25 Columbus Drive
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