Lightstone Capital Provides $34M Bridge Loan For Multifamily In Jersey City

The multifamily property located at 40 Center Street in Jersey City spans 150,000 square feet and consists of 80 units. The property was financed through a $34,000,000 bridge loan provided by Lightstone Capital. The landlords of the property are Sandy Weiss and Josh Biegel of Manhattan Building Company. Drew Fletcher, Ryan Cohen, and Bryan Grover of Greystone represented the landlords in the deal.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $34,000,000
• Units: 80
• Square Footage: 150,000
• Address: 40 Center Street, Jersey City
• Market: Jersey City

The key individuals and companies involved in the deal include Sandy Weiss, Josh Biegel, Drew Fletcher, Ryan Cohen, and Bryan Grover. Sandy Weiss and Josh Biegel are the landlords representing the Manhattan Building Company. Drew Fletcher, Ryan Cohen, and Bryan Grover served as the representatives for the landlords from Greystone in this transaction.