Lions Group lands $200M construction loan for Jersey City high-rise
As the end of the year approaches, Jersey City’s residential construction boom shows no signs of a holiday break. Lions Group NYC landed $200 million in construction financing to fund work at Homestead Gateway, Bloomberg reported. The 360-unit project is being developed at 701 Newark Avenue in the city’s Journal Square neighborhood. Goldman Sachs provided the financing for the 34-story development through its Urban Investment Group. The financing takes the shape of a construction loan, bridge facility, low-income housing tax credit equity and other public capital. A JLL team including Jimmy Cochran, Nicco Lupo and Jillian Grzywacz advised on the […]
This article originally appeared on The Real Deal. Click here to read the full story.
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