Kushner Companies Secures $515M Senior & Mezzanine Loan For Development Site In Jersey City

Located at 1 Journal Square in Jersey City, this development site is a notable asset in the real estate market. Spanning an impressive 2,000,000 square feet, the property offers ample space for potential development.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $515,000,000
Loan Type: Senior & Mezzanine Loan

In July 2022, a loan was secured for this property by AIG & Related Credit Funds. The loan amount of $515,000,000 was provided as a senior and mezzanine loan. The funds will support the future development of the site.

Laurent Morali of Kushner Companies played an instrumental role in this transaction as the landlord. His involvement highlights the significance of this deal for the company.

Deal Summary

ADDRESS: 1 Journal Square

MARKET: Jersey City

ASSET TYPE: Development Site ~ SF: 2,000,000

LENDER: AIG & Related Credit Funds

LANDLORD: Kushner Companies – Laurent Morali

LOAN AMOUNT: $515,000,000

LOAN TYPE: Senior & Mezzanine Loan

The article was originally posted by Traded

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Summary of transaction details

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