BlueGate Partners Arranges $150M Permanent Loan for Northern New Jersey Apartment Building

BlueGate Partners Arranges $150M Permanent Loan for Northern New Jersey Apartment Building

HOBOKEN AND JERSEY CITY, N.J. — Regional brokerage and debt advisory firm BlueGate Partners has arranged a $150 million permanent loan for The Devan, a 336-unit apartment building located along the Hoboken-Jersey City border. Completed in 2024, The Devan offers studio, one-, two- and three-bedroom units and amenities such as a fitness center, library/media room, coworking lounges, courtyard with a pool and a dog run. Mark DeLillo of BlueGate Par…

URSA, Fields Grade ink $150 million loan for 336-unit Jersey City project, BlueGate says – Real Estate NJ

The Devan at 3 New York Ave. in Jersey City — File photo By Joshua Burd A joint venture has secured $150 million in permanent financing for a new 336-unit multifamily property in Jersey City, in a newly announced deal by BlueGate Partners. According to the debt placement team, an undisclosed lender provided the funds in connection with The Devan at 3 New York Ave. The deal follows the project’s completion in 2024 by the borrowers, URSA Developme…