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Paul Stern Of QuadReal Property Group Secures $51.5 Million Refinance Loan For Multifamily In Jersey City

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FINANCED
$51,500,000

New Jersey

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MultiFamily
Financed 05/29/2026
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Property Image
FINANCED

Paul Stern Of QuadReal Property Group Secures $51.5 Million Refinance Loan For Multifamily In Jersey City

55 Jordan Avenue

See Similar Deals
MultiFamily
Financed 05/29/2026
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan

The property asset involved in this transaction is a multifamily building located at 55 Jordan Avenue in Jersey City. The loan amount secured for this asset is $51,500,000, classified under the refinance loan type.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $51,500,000
  • Lender: Paul Stern - QuadReal Property Group
  • Title Insurance: Jim Reichert - Kensington Vanguard
  • Date of Transaction: 05/29/2026

This deal includes key individuals representing the financing and insurance aspects. Paul Stern is associated with the financing through QuadReal Property Group, while Jim Reichert provides title insurance services from Kensington Vanguard, highlighting their roles in the transaction's successful completion.

Players

7 deals$275.9M volume
BROKER

QuadReal
ORIGINATOR

Details

FINANCED
IMAGE: Jim Reichert & Paul Stern DATE: 05/29/2026 ADDRESS: 55 Jordan Avenue MARKET: Jersey City ASSET TYPE: Multifamily LENDER: Paul Stern - QuadReal Property Group (@QuadRealPropertyGroup) TITLE INSURANCE: Jim Reichert (@JimReichertre) - Kensington Vanguard (@Kensington_Vanguard) LOAN AMOUNT: $51,500,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$51,500,000.00

Monthly NOI$343,333.33
Monthly Debt Service$325,515.03
Change in Cash Flow$0.00
Refinance Proceeds$0.00