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Investment team lands $53 million HUD loan for updates to 308-unit Jersey City rental tower – Real Estate NJ

Summary by Re-nj.com
The Montgomery Paulus Hook at 100 Montgomery St. in Jersey City — Courtesy: LIHC Investment Group/L+M Fund Management By Joshua Burd A joint venture has secured nearly $53 million in federally backed financing to renovate and update a 308-unit mixed-income property in Jersey City. According to a news release, Rockport Mortgage Corp. provided the debt to LIHC Investment Group and L+M Fund Management in connection with The Montgomery Paulus Hook a…
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Investment team lands $53 million HUD loan for updates to 308-unit Jersey City rental tower – Real Estate NJ

The Montgomery Paulus Hook at 100 Montgomery St. in Jersey City — Courtesy: LIHC Investment Group/L+M Fund Management By Joshua Burd A joint venture has secured nearly $53 million in federally backed financing to renovate and update a 308-unit mixed-income property in Jersey City. According to a news release, Rockport Mortgage Corp. provided the debt to LIHC Investment Group and L+M Fund Management in connection with The Montgomery Paulus Hook a…

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re-nj.com broke the news in on Friday, March 21, 2025.
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