Jersey City Multi-Housing Project Lands $193M Financing
Panepinto Properties has landed a $193 million non-recourse construction loan for Pathside, a luxury apartment complex in Jersey City, New Jersey. Pacific Life provided the five-year, floating-rate loan.
The 605-unit building, expected to be completed by Q2 2026, will offer a range of studio to three-bedroom units, averaging 710 square feet, along with ground-floor commercial space.
The JLL Capital Markets Debt Advisory team JLL worked on behalf of the borrower with a team led by Thomas R. Didio, Thomas E. Didio, Jr., Gerard Quinn and Salvatore Buzzerio.
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