3 Journal Square Secures Refinancing for Jersey City Apartment Building
$58M secured for 240-unit apartment building, 3 Journal Square, in Jersey City
Three Journal Square Urban Renewal, LLC, has secured a seven-year, fixed-rate loan for 3 Journal Square, a 240-unit, luxury, mid-rise multi-housing apartment building located in Jersey City, NJ.
JLL Capital Markets arranged the $58 million through a life insurance company.
Built in 2017, 3 Journal Square offers one-, two- and three-bedroom units and community amenities including a health and fitness center, a yoga studio, a resident lounge with fireplace and billiards and a rooftop deck with Manhattan skyline views.
Situated at 2955 John F. Kennedy Blvd., 3 Journal Square is near the Journal Square Path Station.
The JLL Capital Markets Investment Sales Advisory team was led by Thomas Didio, Thomas E. Didio Jr., Gerard Quinn and John Cumming.