Point Capital Development Acquires Multifamily Property In Jersey City For $13M | 104 Bright Street | Matthew Pizzolato | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

38,000 sqft

104 Bright St in Jersey City, NJ has been involved in a recent closed property transaction. The asset type is a multifamily property consisting of 40 units. The transaction took place on 08/24/2021.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $13,000,000
Address: 104 Bright St, Jersey City, NJ
Market: Jersey City, NJ

The buyer in this transaction is Point Capital Development, LLC. They were represented by Matthew Pizzolato from JLL Capital Markets. The loan amount secured for this deal is $13,000,000 with a 10-year fixed-rate loan. The property consists of a total of 40 units.

Note: No additional information was provided regarding the property transaction.

Players

All
2

Agents
1
Agencies
1

Matthew Pizzolato

Director

$162M Sold

JLL

Details

Deal Summary

FINANCED

IMAGE: Matthew Pizzolato DATE: 08/24/2021 ADDRESS: 104 Bright St MARKET: Jersey City, NJ ASSET TYPE: Multifamily LANDLORD: Point Capital Development, LLC BROKER: Matthew Pizzolato - JLL Capital Markets LOAN AMOUNT: $13,000,000 LOAN TERMS: 10-year, fixed-rate loan UNITS: 40

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Address104 Bright Street

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