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New York & Tri-State  + New Jersey  + Finance  | 

NJ Resi Building RB3 Lands $150M Construction Financing 

RB3, an upcoming 426-unit, 11-story apartment building on the Hudson River Gold Coast in West New York, NJ., has secured $150 million in construction financing. The financing was secured through a five-year, fixed-rate loan with The Northwestern Mutual Life Insurance Company. 

Located at 30 Avenue at Port Imperial, RB3 is part of the Port Imperial master-planned community and will be the only rental building directly on the waterfront. The property is expected to be completed in Q4 2026 and will feature studio, one- and two-bedroom units with amenities. JLL arranged the financing with a team led by Jon Mikula, Jim Cadranell and Steven Klein and Ryan Carroll. 

Port Imperial comprises more than 7,500 apartments and townhomes available for rent or purchase, along with 150,000 square feet of retail space, two Marriott hotels, two public garages, and over 20 acres of public areas. These include parks, sports fields, outdoor retail plazas, and a two-mile-long riverfront walkway.  

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.

  • ◦Financing
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