Lightstone Capital Invests $43M in NJ 148-Unit Multifamily Property

Lightstone Capital Invests $43M in NJ 148-Unit Multifamily Property

Titanium Realty Group recently secured a $42.5 million senior bridge loan from Lightstone Capital, the real estate debt platform of Lightstone, for a newly built 148-unit multifamily property in Jersey City, NJ. The 19-story building located at 413 Summit Avenue offers studios, one-, two-, and three-bedroom units as well as 4500 square feet of retail space on the ground floor.
Meridian Capital Group’s Daniel Cohen and Tal Savariego arranged the loan to support Titanium Realty Group’s leasing efforts at this location.

Picture of Steve Griffin

Steve Griffin

Author Archive

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

Share the Post:

Related Posts