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Point Capital Development Acquires Multifamily Property In Jersey City For $13M

104 Bright Street
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This MultiFamily property located in NJ received a loan of $13,000,000 over 3 years ago. The broker of the deal was Matthew Pizzolato

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.

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Deals
  • Location
    104 Bright Street, Jersey City, NJ 07302104 Bright Street, Jersey City, NJ 07302
  • Loan Value
    $13,000,000$13,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Matthew Pizzolato

Matthew Pizzolato

Deals29
Financed$1B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

LOAN 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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104 Bright Street

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