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Kushner Companies Secures $11.58M Refinance Loan For 26 Journal Square Office In Jersey City

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FINANCED
$11,580,000

New Jersey

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Office111,000 SF
Financed 09/06/2024
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FINANCED

Kushner Companies Secures $11.58M Refinance Loan For 26 Journal Square Office In Jersey City

26 Journal Square Concourse

See Similar Deals
Office111,000 SF
Financed 09/06/2024
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$104
Total Square Footage:111,000 SF
Transaction Type:Loan

The property asset involved in this transaction is an office space located at 26 Journal Square, Jersey City, with a total square footage of 111,000. The loan amount for this transaction is $11,580,000 and is categorized as a refinance.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $11,580,000
  • Address: 26 Journal Square
  • Market: Jersey City
  • Landlord: Laurent Morali, Nikki Kushner, Aden Wiener & Nick Maki - Kushner Companies; Alex Finkelstein, Michael Goldstein & Raffi Aynilian - The KABR Group
  • Broker: AJ Bruno - Meridian Capital Group
  • Loan Type: Refinance

The key individuals involved in this deal include Laurent Morali, Nikki Kushner, Aden Wiener, and Nick Maki representing Kushner Companies, along with Alex Finkelstein, Michael Goldstein, and Raffi Aynilian from The KABR Group. The transaction was brokered by AJ Bruno from Meridian Capital Group, providing expertise in securing the refinance loan for the asset.

Players

AJ Bruno
16 deals$2.1B volume(646) 448-1002
BROKER

AJ Bruno
CBRE
16 deals$2.1B volume(646) 448-1002
BROKER

Details

FINANCED
IMAGE: AJ Bruno, Laurent Morali, Nikki Kushner, Aden Wiener, Nick Maki, Alex Finkelstein, Michael Goldstein & Raffi Aynilian DATE: 09/06/2024 ADDRESS: 26 Journal Square MARKET: Jersey City ASSET TYPE: Office ~ SF: 111,000 LANDLORD: Laurent Morali, Nikki Kushner, Aden Wiener (@AdenWiener) & Nick Maki - Kushner Companies (@KushnerCompanies); Alex Finkelstein, Michael Goldstein & Raffi Aynilian - The KABR Group BROKER: AJ Bruno (@AJBruno_) - Meridian Capital Group (@Meridian.Capital.Group) LOAN AMOUNT: $11,580,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$11,580,000.00

Monthly NOI$77,200.00
Monthly Debt Service$73,193.48
Change in Cash Flow$0.00
Refinance Proceeds$0.00