Lions Group Secures $200 Million Construction Loan From Goldman Sachs And Freddie Mac For Multifamily Project

The property asset involved in this transaction is a multifamily development located at Homestead Gateway, 701 Newark Avenue, in the Jersey City market. The asset comprises 360 units and is supported by a construction loan, bridge facility, LIHTC equity, Aspire tax credit purchase, and agency financing totaling $200,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $200,000,000
• Lender: Goldman Sachs & Freddie Mac
• Landlord: Lions Group
• Brokers: Nicco Lupo, Christopher Peck, Michael Shmuely, Jillian Grzywacz, Alex Staikos, Jimmy Cochran and Tom Didio Jr. - JLL

The key individuals and companies involved in this transaction include a team of brokers from JLL who facilitated the deal. The brokers representing the landlord are Nicco Lupo, Christopher Peck, Michael Shmuely, Jillian Grzywacz, Alex Staikos, Jimmy Cochran, and Tom Didio Jr.