Ursa Development Group & Fields Grade Development Secures $150M Senior Construction Loan For 336-Unit Multifamily In Jersey City

Located at 3 New York Ave in Jersey City, this multifamily property is the center of a recent closed transaction. The property consists of 336 units, making it an attractive investment opportunity in the bustling market of Jersey City.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $150,000,000
• Address: 3 New York Ave, Jersey City
• Market: Jersey City
• Loan Type: Senior Construction Loan
• Loan Amount: $150,000,000

The transaction was facilitated by Ursa Development Group and Fields Grade Development, who are the landlords of the property. BlueGate Partners, acting as the broker, played a crucial role in bringing the deal to fruition.