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Effy Namdar's Namdar Group Secures $120M Loan For Multifamily Property In Jersey City

618 Pavonia Avenue
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This MultiFamily property located in NJ received a loan of $120,000,000 about 3 years ago. The brokers of the deal were Bryan Grover, Drew Fletcher, Matthew "Matt" Klauer, Dustin Stolly, Matthew Hirsch, and Jordan (Jordy) Roeschlaub

The multifamily property located at 618 Pavonia Avenue in Jersey City, NJ has been involved in a recent transaction. The property consists of 432 units and is part of the market in Jersey City.

Summary of transaction details:

The loan amount associated with this transaction is $120,000,000. The lender involved in the deal is SCALE Lending. Representing the landlord, Effy Namdar from Namdar Group, were brokers Jordy Roeschlaub and Dustin Stolly from Newmark. Additionally, brokers Drew Fletcher, Matthew Hirsch, Bryan Grover, and Matthew Klauer from Greystone Capital Advisors played a role in the transaction.

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Deals
  • Location
    618 Pavonia Avenue, Jersey City, NJ, USA618 Pavonia Avenue, Jersey City, NJ, USA
  • Loan Value
    $120,000,000$120,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    6 Brokers, 2 Agencies, 1 Lender6 Brokers, 2 Agencies, 1 Lender

Agents

Matthew Hirsch

Matthew Hirsch

Deals5
Financed$387M

Bryan Grover

Bryan Grover

Deals13
Financed$2.2B

Drew Fletcher

Drew Fletcher

Deals20
Financed$2.9B

Matthew "Matt" Klauer

Matthew "Matt" Klauer

Deals5
Financed$523.3M

Jordan (Jordy) Roeschlaub

Jordan (Jordy) Roeschlaub

Deals195
Financed$34.6B

Agencies

Greystone

Greystone

Agency
Deals66
Volume$7.3B

Newmark

Newmark

Agency
Deals3893
Volume$397.4B

SCALE Lending

SCALE Lending

Lender
Deals18
Volume$ 408.4B

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Deal Summary

LOAN IMAGE: Martin Nussbaum, Jordy Roeschlaub, David Schwartz, Dustin Stolly, Drew Fletcher & Matthew Klauer DATE: 03/17/2021 ADDRESS: 618 Pavonia Avenue MARKET: Jersey City, NJ ASSET TYPE: Multifamily ~ UNITS: 432 LENDER: SCALE Lending LANDLORD: Effy Namdar - Namdar Group BROKERS: Jordy Roeschlaub, Dustin Stolly @Newmark; Drew Fletcher, Matthew Hirsch & Bryan Grover, Matthew Klauer - Greystone Capital Advisors LOAN AMOUNT: $120,000,000

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618 Pavonia Avenue

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