NEW YORK CITY – Family-owned real estate company, the Namdar Group has secured a $42.7 million bridge loan from Lightstone's real estate debt platform, Lightstone Capital, to refinance its mixed-use building, MRK, in New York City's Jersey City neighborhood.
The Namdar Group will utilize the loan to refinance existing senior and mezzanine construction loans for the recently completed project located at 97 Newkirk St. in Jersey City's Journal Square neighborhood.
The 15-story building recently commenced residential leasing for its 132 multifamily units. The property additionally features 23,000 square feet of office space, which has been fully-leased to a co-working operator with a 15-year tenancy. The property additionally features a gym, a yoga room and a rooftop terrace and lounge.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
