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Truist Lends $277M on Jersey City Multifamily Tower Build

A joint venture between Rockpoint and Urby has secured $277 million of construction financing to develop the second phase of a multifamily tower in Jersey City, Commercial Observer has learned. Truist

Truist Lends $277M on Jersey City Multifamily Tower Build
Photo: Commercial Observer

Summary

A joint venture between Rockpoint and Urby has secured $277 million of construction financing to develop the second phase of a multifamily tower in Jersey City, Commercial Observer has learned.

Truist provided the loan for the sponsorship’s 748-unit 201 Hudson – by Urby project along the Jersey City waterfront.

Rockpoint and Ubry joined forces to […]

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