Updated Jun 2, 2026
Paul Stern Of QuadReal Property Group Secures $51.5 Million Refinance Loan For Multifamily In Jersey City
55 Jordan Avenue
$51,500,000
Building Size
—
Asset Type
MultiFamily
Closing
May 28, 2026
About this deal
AI
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.
On the Map
$51,500,000
MultiFamily
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Players
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93