Ironstate secures $90M for Hoboken apartment refi's
JLL Capital Markets announced today that it has arranged $90.5 million in financing for The Vanguard and North Independence multi-housing properties in the Shipyard neighborhood of Hoboken, New Jersey. JLL worked on behalf of Ironstate Development to secure the $84 million, 10-year, fixed-rate loan for The Vanguard and the $6.5 million, supplemental loan for North Independence through an insurance company lender. Located at 1201 Hudson St., The Vanguard consists of 196 studio, one and two-bedroom apartments. The property also features 37,818 square feet of ground-floor commercial retail ...
Source: rew-online.com