Rockpoint and Urby wasted no time securing construction financing for a Jersey City project weeks after acquiring the waterfront site. A joint venture between the two developers landed $277 million in debt from Truist for the project at 201 Hudson Street in the city’s Paulus Hook neighborhood, the Commercial Observer reported. The loan will support the second phase of the 201 Hudson – by Urby development. “This financing reflects Truist’s continued commitment to supporting premier sponsors pursuing transformative multifamily developments in high-growth urban markets,” Truist executive Rebecca Cox said in a statement. A Newmark team including Jordan Roeschlaub, Chris Kramer […]

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