Bushburg Secures $72.5 Million Bridge Loan From QuadReal Property Group For 286-Unit Multifamily In Jersey City

The asset involved in this transaction is a multifamily property located at 55 Orchard Street in Jersey City, consisting of 286 units. The transaction encompasses a bridge loan financed for an amount of $72,500,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $72,500,000
• Lender: QuadReal Property Group - Paul Stern
• Sponsor: Bushburg
• Advisors: Max Herzog, Marko Kazanjian, Max Hulsh, Andrew Cohen, & Michael Samuelian - Institutional Property Advisors
• Loan Type: Bridge

Key individuals involved in the deal include Paul Stern representing the lender, QuadReal Property Group, and the advisors from Institutional Property Advisors, consisting of Max Herzog, Marko Kazanjian, Max Hulsh, Andrew Cohen, and Michael Samuelian.