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Namdar Group Secures $335 Million Refinance Loan From Hudson Bay Capital For MultiFamily Asset In Jersey City

Property Image
FINANCED
$335,000,000
Max Ralby
Jordan (Jordy) Roeschlaub
Nick Scribani

New Jersey

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MultiFamily1,892,784 SF
Financed 03/27/2025
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Property Image
FINANCED

Namdar Group Secures $335 Million Refinance Loan From Hudson Bay Capital For MultiFamily Asset In Jersey City

9 Homestead Place, 26 Van Reipen Avenue & 28 Cottage Street

See Similar Deals
MultiFamily1,892,784 SF
Financed 03/27/2025
Max Ralby
Jordan (Jordy) Roeschlaub
Nick Scribani
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$177
Total Square Footage:1,892,784 SF
Transaction Type:Loan

The property involved in this transaction is a MultiFamily asset located at 9 Homestead Place, Jersey City. The loan amount for the refinance transaction is $335,000,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $335,000,000.00
  • Loan Type: Refinance
  • Landlord: Namdar Group - Andrew Namdar and Daniel Namdar
  • Lender: Hudson Bay Capital
  • Landlord's Representatives: Jordan (Jordy) Roeschlaub (Newmark), Nick Scribani (Newmark), Max Ralby (Newmark)
  • Transaction Date: 03/27/2025

This transaction features key individuals such as Andrew Namdar and Daniel Namdar representing the Namdar Group, alongside the lender Hudson Bay Capital, facilitating this refinance loan. The deal is supported by the expertise of the landlord's representatives from Newmark, ensuring comprehensive brokerage involvement in the transaction.

Players

Nick Scribani
Newmark
Nick Scribani
191 deals$55.1B volume(212) 372-2113
BROKER
Max Ralby
Newmark
Max Ralby
74 deals$3.8B volume
BROKER
Jordan (Jordy) Roeschlaub
Newmark
Jordan Roeschlaub
321 deals$96.2B volume
BROKER
Hudson Bay Capital
Hudson Bay Capital
LENDER
NG
Namdar Group
LANDLORD
NG
Namdar Group
LANDLORD

Details

FINANCED
IMAGE: Daniel Namdar, Sander Gerber, Andrew Namdar, Nick Scribani, Jordan Roeschlaub & Max Ralby DATE: 03/27/2025 ADDRESS: 9 Homestead Place, 26 Van Reipen Avenue & 28 Cottage Street MARKET: Jersey City & Newark, NJ ASSET TYPE: Multifamily ~ SF: 630,928 ~ UNITS: 834 LENDER: Sander Gerber - Hudson Bay Capital Management LANDLORD: Andrew Namdar & Daniel Namdar - Namdar Group (@NamdarLLC) LANDLORD'S REP: Jordan Roeschlaub (@JordyRoeschlaub), Nick Scribani (@ScribSays) & Max Ralby (@MaxRalby) - Newmark (@Newmark) LOAN AMOUNT: $335,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$335,000,000.00

Monthly NOI$2,233,333.33
Monthly Debt Service$2,117,427.88
Change in Cash Flow$0.00
Refinance Proceeds$0.00