Northwestern Mutual Provides $110M Perm Loan for Jersey City Multifamily Tower

A joint venture between Spitzer Enterprises and Arden Group has sealed $109.5 million of permanent financing for a newly-built multifamily tower in Jersey City, Commercial Observer can first report. Northwestern Mutual supplied the loan to retire construction debt following the lease-up and stabilization of 2024-completed, 390-unit 425 Summit development in Jersey City’s Journal Square neighborhood. […]