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BrightSpire Capital Provides $43M Bridge Loan For Jersey City Multifamily Property

74 Maple Street
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This MultiFamily property located in NJ received a loan of $43,000,000 over 3 years ago. The brokers of the deal were Thomas E. Didio, Jr and Matthew Pizzolato

The property involved in this transaction is a multifamily located at 74 Maple St in Jersey City, NJ. The deal was closed on 07/23/2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $43,000,000
  • Market: Jersey City, NJ

The loan for this transaction was provided by BrightSpire Capital. The loan amount was $43,000,000, and it had a three-year, floating-rate bridge loan term. The property consists of 104 units.

Golden Glades Capital Management is the landlord for this property. The brokers involved in this transaction were Matthew Pizzolato & Thomas E. Didio Jr. from JLL Capital Markets.

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Deals
  • Location
    74 Maple Street, Jersey City, NJ 07304, USA74 Maple Street, Jersey City, NJ 07304, USA
  • Loan Value
    $43,000,000$43,000,000
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    2 Brokers, 1 Agency, 1 Lender2 Brokers, 1 Agency, 1 Lender

Agents

Thomas E. Didio, Jr

Thomas E. Didio, Jr

Deals25
Financed$1.3B

Matthew Pizzolato

Matthew Pizzolato

Deals29
Financed$1B

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

BrightSpire Capital

BrightSpire Capital

Lender
Deals2
Volume$ 3.2B

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Deal Summary

LOAN IMAGE: Matthew Pizzolato & Thomas E. Didio Jr. DATE: 07/23/2021 ADDRESS: 74 Maple St MARKET: Jersey City, NJ ASSET TYPE: Multifamily LENDER: BrightSpire Capital LANDLORD: Golden Glades Capital Management BROKERS: Matthew Pizzolato & Thomas E. Didio Jr. - JLL Capital Markets LOAN AMOUNT: $43,000,000 LOAN TERMS: Three-year, floating-rate bridge loan UNITS: 104

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74 Maple Street

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