Posted Feb 26, 2024, 5:20 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,295
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Jersey City’s Singh Tower Nabs $70 Million Loan
Quote:
A project that is looking to add to the Journal Square skyline while creating a new link to a planned Jersey City park has obtained a large mortgage loan as construction moves forward.
Northwind Group, a Manhattan-based real estate private equity firm, have announced that it provided a $70 million loan through its closed-end debt funds to 622 Summit Avenue, a 29-story 209-unit multifamily residential property known as Singh Tower. The project is being spearheaded by GN Management, who have successfully completed 16 prior projects in Jersey City.
The future Singh Tower began to properly rise last fall. Designed by Hoboken-based MVMK Architecture, the modern-looking project will top out at 285 feet when completed.
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JC Digs
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