Fields Grade Development Secures $97M Loan For MultiFamily Property In Jersey City

The property asset involved in the transaction is a MultiFamily located at 3 New York Ave, Jersey City, NJ, 07307. The loan amount for this asset is $97,000,000.00, and it is situated in the Jersey City market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $97,000,000.00
• Borrower: Fields Grade Development
• Lender: Pacific Western Bank
• Borrower's Representative: Mark DeLillo-BlueGate Partners

The key individuals and companies involved in the deal include Fields Grade Development as the borrower and Pacific Western Bank as the lender, with Mark DeLillo from BlueGate Partners representing the borrower in this transaction.