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Developer Secures $160M For 9 Homestead Place At 618 Pavonia Avenue In Jersey City, New Jersey
Namdar Group has closed on a $160 million bridge loan for 9 Homestead Place, a 27-story residential tower at 618 Pavonia Avenue in Jersey City.Designed by C3D Architecture, the structure will yield 432 rental apartments, 10,000 square feet of ground-floor retail space, a 21,000-square-foot office component, and a collection of amenity spaces. SCALE, the lending offshoot for Slate Property Group, provided the financing and Greystone Capital Advisors brokered the deal.While the… Read more »
Scale Lending Provides $142M Construction Loan for 521-unit Queens Multifamily
Sutphin Boulevard Equities, a development entity owned by New York City real estate financier Joel Zupnick, has secured $142 million in construction financing to complete a 521-unit multifamily building in Jamaica, Queens, Commercial Observer has learned. SCALE Lending, the debt financing business of Slate Property Group, provided the floating-rate loan, which has a 30-month term and two six-month extension options. Steve Hersko of SHB Group arranged the financing on behalf of the… Read more »
SCALE Lending Provides $195M for Downtown Miami Resi Development
The Namdar Group has secured a $195 million loan for the acquisition and construction of Namdar Towers in Downtown Miami, Commercial Observer has learned. Slate Property Group affiliate SCALE Lending provided the loan. Greystone Capital Advisors brokered the deal with a team led by Drew Fletcher and Bryan Grover.