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

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FINANCED
$72,500,000
Andrew Cohen
Max Herzog
+ 2

New Jersey

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MultiFamily280,000 SF
Financed 08/14/2025
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FINANCED

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

55 Orchard Street

See Similar Deals
MultiFamily280,000 SF
Financed 08/14/2025
Andrew Cohen
Max Herzog
+ 2
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$258
Total Square Footage:280,000 SF
Transaction Type:Loan

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:

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.

Players

Marko Kazanjian
71 deals$5.4B volume
BROKER

Max Herzog
Institutional Property Advisors
80 deals$5.4B volume(212) 430-5165
BROKER

Andrew Cohen
Institutional Property Advisors
43 deals$3B volume
BROKER

Maxwell (Max) Hulsh
Institutional Property Advisors
32 deals$2.8B volume(646) 549-3692
BROKER

Michael Samuelian
Institutional Property Advisors
3 deals$197.5M volume
BROKER

Institutional Property Advisors
BROKERAGE

QuadReal
LENDER

Details

FINANCED
IMAGE: Paul Stern, Marko Kazanjian, Max Herzog, Michael Samuelian, Max Hulsh & Andrew Cohen DATE: 08/14/2025 ADDRESS: 55 Orchard Street MARKET: Jersey City ASSET TYPE: Multifamily ~ UNITS: 286 LENDER: QuadReal Property Group (@QuadRealPropertyGroup) - Paul Stern SPONSOR: Bushburg ADVISORS: Max Herzog, Marko Kazanjian (@MarkoKaz), Max Hulsh (@MaxHulsh), Andrew Cohen (@The_Andrew_Cohen) & Michael Samuelian (@MSamuelian_) - Institutional Property Advisors LOAN AMOUNT: $72,500,000 LOAN TYPE: Bridge

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$72,500,000.00

Monthly NOI$483,333.33
Monthly Debt Service$458,249.32
Change in Cash Flow$0.00
Refinance Proceeds$0.00