Sequoia Development Group Acquires Multifamily Property In Jersey City, NJ For $95M Loan | 711 Montgomery Street | Slate Property Group, McCourt Partners | Michael Campbell, Kyle Morque, Sam Rottenberg | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

The multifamily property located at 711 Montgomery Street in Jersey City, NJ has recently undergone a closed transaction. The property spans across 280,000 square feet and consists of 300 units. The deal involved a construction loan.

Summary of transation details

Property Type: Multifamily
Transaction Amount: $95,000,000
Address: 711 Montgomery Street, Jersey City, NJ
Market: Jersey City, NJ
Loan Type: Construction
Lender: Parkview Financial & Montgomery Street Partners
Landlord: Sequoia Development Group - Israel Neiman
Brokers: Michael Campbell & Kyle Morque - The Carlton Group

The Carlton Group, serving as the broker in this deal, facilitated the equity and debt arrangements. Michael Campbell, contactable at (212) 716-5611 or [email protected], played a crucial role in the transaction.

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Players

All
6

Agents
3
Agencies
1
Lenders
2

Details

Deal Summary

FINANCED

IMAGE: Michael Campbell DATE: 01/04/2022 ADDRESS: 711 Montgomery Street MARKET: Jersey City, NJ ASSET TYPE: Multifamily ~ SF: 280,000 ~ UNITS: 300 LENDER: Parkview Financial & Montgomery Street Partners LANDLORD: Sequoia Development Group - Israel Neiman BROKERS: Michael Campbell (@The_Real_MJ_Campbell) & Kyle Morque - The Carlton Group LOAN AMOUNT: $95,000,000 LOAN TYPE: Construction LOAN TERMS: Fee Sale & Leasehold Construction Loan NOTES FROM BROKER: The Carlton Group - Equity & Debt Michael Campbell (212) 716-5611 [email protected]

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Address711 Montgomery Street

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