Christopher Merrill Secures $136 Million Refinance For 366-Unit Modera Lofts In Jersey City With J.P. Morgan Chase

The property asset involved in this transaction is the Modera Lofts, a multifamily building with 366 units located at 350 Warren Street in Jersey City. The refinancing of this asset was valued at $136 million. The property was converted from a former warehouse in 2016 and is described as transit-oriented and amenity-rich.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $136,000,000
• Market: Jersey City
• Lender: J.P. Morgan Chase
• Landlord: Christopher Merrill - Harrison Street Asset Management
• Brokers: John Alascio, Alex Hernandez, Chris Moyer, Chuck Kohaut, Alex Lapidus Okin & Meredith Donovan - Cushman & Wakefield
• Loan Type: Refinance

The financing was arranged by Cushman & Wakefield, who played a key role in securing the refinance from J.P. Morgan Chase for Harrison Street Asset Management. Christopher Merrill represents the interests of Harrison Street Asset Management in this transaction.