3 Journal Square Urban Renewal LLC Refinances Multifamily Property In Jersey City For $58M | 2955 John F. Kennedy Boulevard | Gerard Quinn, Thomas E. Didio, Jr, John Cumming | MultiFamily | Loan

Summary

Loan

NEW JERSEY

MultiFamily

A multifamily property located at 2955 John F. Kennedy Blvd in Jersey City has recently undergone a refinancing transaction. The property consists of 240 units and is owned by 3 Journal Square Urban Renewal LLC.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $58,000,000
Date: 03/16/2023
Address: 2955 John F. Kennedy Blvd
Market: Jersey City
Units: 240

The refinancing of this multifamily property was facilitated by JLL Capital Markets, with Thomas Didio, Thomas E. Didio Jr., Gerard Quinn, and John Cumming acting as brokers in the deal.

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Players

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4

Agents
3
Agencies
1

$305M Sold

$162M Sold

Details

Deal Summary

FINANCED

IMAGE: Thomas Didio, Thomas E. Didio Jr., Gerard Quinn & John Cumming DATE: 03/16/2023 ADDRESS: 2955 John F. Kennedy Blvd MARKET: Jersey City ASSET TYPE: Multifamily ~ UNITS: 240 LANDLORD: 3 Journal Square Urban Renewal LLC BROKERS: Thomas Didio, Thomas E. Didio Jr., Gerard Quinn & John Cumming - JLL Capital Markets (@JLL) LOAN AMOUNT: $58,000,000 LOAN TYPE: Refinancing LOAN TERMS: seven-year, fixed-rate loan

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Address2955 John F. Kennedy Boulevard

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