Vermella Broad Street, Newark, NJ

Vermella Broad Street

Project

Project

Vermella Broad Street

Vermella Broad Street

Loan

Loan

Construction: $52,000,000 Permanent: $52,000,000

details

NY Urban provided advisory services to the owner for their vacant land, which led to a joint venture between two long-standing clients of NY Urban. After the joint venture was formed, NY Urban arranged the financing in two stages: a $52,000,000 construction loan for the development of 300 luxury apartments adjacent to the Broad Street Station in Newark, NJ, followed by a $52,000,000 permanent loan.

Location

Newark

,

NJ