Namdar nabs $358M loan for two Jersey City projects
The Namdar Group landed a significant financing package for a pair of projects expected to deliver more than 1,100 units to Jersey City’s Journal Square neighborhood. Adi Chugh’s Tyko Capital provided $358 million in construction financing for Namdar’s projects at 29 Van Reipen Avenue and 612 Pavonia Avenue, the Commercial Observer reported. The debt should enable Namdar to start work on the two developments, which will carry a combined 1,126 units between them. The Van Reipen Avenue project will stand 27 stories tall, according to New York YIMBY, and include 696 units with 19,000 square feet of retail space and […]
This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Jeff Sutton flips “Friends” building for $33M
Who Signs First at Closing? The Buyer or Seller?
RJ Capital refinances luxury rentals in Rego Park
At closed-door meeting, Mamdani reassures developers,
investors his door “will remain open”
Ex-NYC agent, YouTuber sentenced for hitting cop with
car
Stop Guessing Your Airbnb Prices: A Practical Revenue
Playbook For 2026
8 Mistakes to Avoid When Selling a Home in Winter
How Homebuyers Are Using 2-1 Buydowns to Make Early Payments
More Affordable
NYC’s basement legalization plan trips over its own
rules
Philippine Tycoon Andrew Tan’s Megaworld To Inject $255
Million Of Office, Retail Assets Into REIT
