Kushner Companies Secures $295 Million Construction Loan for 1 Journal Square

Fried Frank advised Kushner Companies on a $295 million construction loan that will fund the second phase of its 1 Journal Square project in Jersey City, N.J. The financing includes a $210 million senior loan from Apollo and a $85 million mezzanine loan from RXR. The 1,723-unit mixed-use development promises to be the largest multifamily rental project in New Jersey when completed. Read more about the transaction here.

The Fried Frank team is led by partners Jonathan L. Mechanic and Nathaniel Lifschitz and includes real estate associates Vincenzo SessaCharles L. Roper, Jr.Austin S. LeistLoren Naftali and Joshua Jun.