Walker & Dunlop, Inc. has successfully secured a $245 million loan from TYKO Capital for the development of The Greyson, a 28-story mixed-use tower in Jersey City. The project is being led by the Walker & Dunlop New York Capital Markets team, including Keith Kurland, Aaron Appel, Jonathan Schwartz, Adam Schwartz and Jordan Casella with support from William Herring.
The team worked closely with client Nasser Freres to identify TYKO Capital as the lender for this project. With construction already well underway on the building’s 622 units and 44 floors near completion,the loan will provide necessary funds to finish construction.
Kurland expressed excitement about working alongside Nasser Freres to bring this new development to life in Jersey City. He also noted that over recent years,Jersy City has become increasingly popular among residents seeking affordable rental options compared to neighboring NYC.
In additionto residential apartments,the building will feature office space totaling over 44 thousand square feet and retail space measuring nearly three thousand square feet.The successful securing of this significant loan further solidifies Walker & Dunlop’s position as a leading commercial real estate finance company.
