BHI Lends $72M on New Jersey Apartments Build
AI Summary
A joint venture between Prestige Development and Anak Development secured $71.5 million in construction financing from Bank Hapoalim's US branch for a 250-unit multifamily apartment project called The Standard in Bayonne, New Jersey. The financing deal was negotiated by Maven Capital's Sean Shahkohi.
A joint venture between Prestige Development and Anak Development has landed $71.5 million of construction financing to build a multifamily project in northern New Jersey, Commercial Observer has learned. BHI, the U.S Branch of Bank Hapoalim, provided the loan for the sponsorship’s 250-unit The Standard apartment community in Bayonne, N.J. Maven Capital’s Sean Shahkohi negotiated […]
Markets Deals Real Estate construction financing multifamily apartments New Jersey Bank Hapoalim Prestige Development Anak Development Bayonne