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Angelo, Gordon Lines Up $64M Loan on Hoboken’s Wonder Lofts
Angelo, Gordon & Co. has secured a $64-million loan from Bank OZK to finance the construction of Prism Capital Partners’ Wonder Lofts, an 89-unit luxury residential complex being developed at a onetime Wonder Bread factory in Hoboken, NJ. Prism and Angelo, Gordon recapitalized the project this past March.
“This financing from Bank OZK allows us to move forward with the modernization of a classic former industrial site that is part of what makes Hoboken so historically significant,” said Daniel Rudin, director at Angelo, Gordon. “We are now fully capitalized for the project, and we are excited to have Bank OZK as part of that team.”
Construction of the five-building complex’s main structure is scheduled to begin in the fourth quarter. “Wonder Lofts is going to be a great project delivered in a market with nothing really like it for sale,” said Eugene Diaz, co-founder of Prism.
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Development

