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

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.