Close

MEDIA

Cole Schotz Represents Lightstone Capital in $42.7 Million Bridge Loan for Mixed-Use Jersey City Building

July 6, 2020Attorneys: Wendy M. Berger, Jennifer Y. Chung, Rab N. Nalavala and Danielle M. Pasquariello
Cole Schotz P.C. advised Lightstone Capital in connection with a $42.7 million bridge loan for MRK, a 15-story mixed-use building located in Jersey City, New Jersey.

The loan made to Namdar Group will refinance construction loans for the multifamily and office property located at 97 Newkirk St. in the Journal Square neighborhood. The luxury, 132-unit residential building also features 23,000 square feet of commercial space along with a range of amenities including a gym, yoga room and a rooftop terrace and lounge.

The loan provided by Lightstone Capital, the real estate debt platform for Lightstone Group, will give Namdar flexible capital as they move through the lease-up process.

The Cole Schotz team included members Rab Nalavala, Danielle Pasquariello and Wendy Berger, and associate Jennifer Chung.

Services

 

Hosted on the FirmWise platform.

© Cole Schotz P.C.

DISCLAIMER

The materials on this site have been prepared by Cole Schotz P.C. for general informational purposes only and are not intended to constitute legal advice. Viewers should not act upon this information without seeking professional counsel on the specific facts and circumstances in question from an attorney licensed in their jurisdiction. Use of this site does not create an attorney-client relationship between the user and Cole Schotz or any lawyer(s) within the firm. Any information sent to Cole Schotz or its lawyers through this site will not be treated as confidential and is not protected by the attorney-client privilege.

© Cole Schotz P.C.

Attorney Advertising

This website is an advertisement for a law firm. Statements and previous outcomes do not imply similar results in your matters.

© Cole Schotz P.C.

SUBMIT YOUR INFORMATION

Thank you for your interest in our publication. Please fill out below and a copy will be sent to your email address.

×

For Important Legal Updates and Resources on the Coronavirus Click Here.