Sequoia Development Group Acquires Multifamily Property In Jersey City, NJ For $95M Loan

The multifamily property located at 711 Montgomery Street in Jersey City, NJ has recently undergone a closed transaction. The property spans across 280,000 square feet and consists of 300 units. The deal involved a construction loan.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $95,000,000
• Address: 711 Montgomery Street, Jersey City, NJ
• Market: Jersey City, NJ
• Loan Type: Construction
• Lender: Parkview Financial & Montgomery Street Partners
• Landlord: Sequoia Development Group - Israel Neiman
• Brokers: Michael Campbell & Kyle Morque - The Carlton Group

The Carlton Group, serving as the broker in this deal, facilitated the equity and debt arrangements. Michael Campbell, contactable at (212) 716-5611 or [email protected], played a crucial role in the transaction.