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.