JLL Capital Arranges $18.6M Refinancing Deal For 83-unit Multifamily Property In Jersey City

JLL Capital Markets arranged an $18.625 million refinancing deal for 39 High Street, an 83-unit multi-housing community in Jersey City. The newly constructed property, located near the Journal Square PATH Station, secured the fixed-rate loan for its luxury units and amenities, including a fitness center and rooftop terrace with NYC views.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $18,625,000
• Units: 83
• Landlord: Spitzer Enterprises - Eliot Spitze; Titanium Realty Group - Diego Hodara
• Brokers: John Cumming, Matthew Pizzolato & Max Custer - JLL

The transaction involved the collaboration of Spitzer Enterprises, represented by Eliot Spitze, and Titanium Realty Group, represented by Diego Hodara, as the landlords. The brokers responsible for the deal were John Cumming, Matthew Pizzolato, and Max Custer from JLL.