Namdar Group grabs additional financing in Jersey City

The Namdar Group will not be deterred from building in Jersey City, or scoring the requisite financing to do so. Joel Namdar’s company secured $180 million in debt from Affinius Capital for its project at 35 Cottage Street in the Journal Square neighborhood, the Commercial Observer reported. The project was previously the recipient of a $152 million loan. The refinancing will support the 27-story, 564-unit luxury multifamily property going up a short walk from the local PATH station. Units at the building will range from studios to three-bedroom layouts, while commercial space is being earmarked for a Chabad synagogue, a […]

This article originally appeared on The Real Deal. Click here to read the full story.