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Jersey City Luxury Apartments Land $65M Construction Debt
JLL Capital Markets arranged $65 million in construction financing for 49 Fisk St., a 337-unit, luxury, mid-rise rental apartment project in Jersey City. The team of Mike Tepedino, Michael Gigliotti, Thomas E. Didio, Jr., Max Custer and Carlos Silva worked on behalf of the developer, Halpern Real Estate Ventures, to secure the four-year, floating-rate, non-recourse loan through Bank OZK.
Located on a 1.84-acre site in Jersey City’s West Side neighborhood, 49 Fisk will redevelop a former industrial building with a six-story apartment building featuring 337 market-rate units and 143 parking spaces. The property is located in one of Jersey City’s newest transformative and gentrifying neighborhoods.
“Jersey City has been the beneficiary of tremendous post-COVID rental demand for multi-housing,” said Didio. “Bank OZK was quick to recognize this demand resurgence and bid the non-recourse financing aggressively for the borrower.”
- ◦Development
- ◦Financing

