Walker & Dunlop arranges $375 million construction loan for Nasser Freres' Jersey City development

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โดย Business Wire·Read original
Summary · why it matters

Walker & Dunlop has arranged a $375 million construction loan to finance JFK Boulevard, a transformative mixed-use development by Nasser Freres in Jersey City's Journal Square. The floating-rate, interest-only loan was provided by Madison Realty Capital and will support construction of 840 residential units, of which 84 will be designated as affordable housing, along with nearly 50,000 square feet of retail space anchored by a national organic grocer and over 36,000 square feet of lifestyle amenities. The project is located adjacent to the historic Loew's Jersey Theatre and less than a five-minute walk from the Journal Square PATH station, offering direct access to Manhattan. Completion is scheduled for early 2029.

Impact on stocks 1

Financials▲ · 1 stocks
Walker & Dunlop Inc
WD
▲ PositiveCapitalrelevance

Walker & Dunlop arranged a $375M construction loan, generating fee income and showcasing its capital markets capabilities.

Off-coverage companies 2

Nasser FreresPrivate▲ Positive
Capitalrelevance

Nasser Freres secured $375M financing for its JFK Boulevard development, enabling project execution.

Madison Realty CapitalPrivate▲ Positive
Capitalrelevance

Madison Realty Capital provided the $375M loan, earning interest income on a large commercial real estate deal.

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