Updated Sep 11, 2026
Brookfield & G&S Secure $420M Construction Loan For Multifamily At 420 Marin Blvd
420 Marin Blvd Jersey City, NJ 07302, USA
$420,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 14, 2023
About this deal
AI
Ullico, Washington Capital Management, and AFL-CIO Housing Investment Trust have provided a $420,000,000 construction loan for a multifamily property located at 420 Marin Boulevard in Jersey City, NJ. The property is owned by Brookfield Properties and G&S Investors.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $420,000,000
- Lender: Ullico, Washington Capital Management, AFL-CIO Housing Investment Trust
- Landlord: Brookfield Properties, G&S Investors
The loan was brokered by Richard Horowitz and Justin Horowitz of Cooper Horowitz.
The multifamily loan at 420 Marin Blvd Jersey City, NJ 07302, USA in New Jersey, New Jersey financed for $420M in 2023. 420 Marin Blvd Jersey City, NJ 07302, USA is classified as Multifamily on Traded. Richard Horowitz, Justin Horowitz, Cooper Horowitz, Brookfield Properties appear on the loan alongside Cooper Horowitz, Brookfield Properties. This page is the New Jersey, New Jersey file for the 420 Marin Blvd Jersey City, NJ 07302, USA multifamily financed: pricing, party profiles, and other closed multifamily comps from the same New Jersey sit in the Market section below. Filter that New Jersey multifamily set by closing date to see what else financed near 420 Marin Blvd Jersey City, NJ 07302, USA around 2023. Published consideration for 420 Marin Blvd Jersey City, NJ 07302, USA is $420M, dated 2023. Cite this Brookfield & G&S Secure $420M Construction Loan For Multifamily At 420 Marin Blvd loan when underwriting similar multifamily product around New Jersey, New Jersey.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93