Cerberus RE Provides $47M Bridge Loan For Multifamily Property In Jersey City

The multifamily property located at 28 Cottage St in Jersey City has been involved in a recent transaction. The property consists of a total of 166 units, making it a significant asset in the market.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $47,000,000
• Address: 28 Cottage St
• Market: Jersey City
• Lender: Cerberus RE
• Landlord: Namdar Group
• Brokers: Drew Fletcher, Matthew Hirsch & Bryan Grover - Greystone
• Loan Type: Bridge Loan

This transaction involved several key individuals and companies. The lender, Cerberus RE, provided a bridge loan in the amount of $47,000,000. The landlord in the deal is the Namdar Group. The brokers involved in the transaction were Drew Fletcher, Matthew Hirsch, and Bryan Grover, who represented Greystone.