Skolnick Legal Group, P.C.
Free Initial Phone Consultation
  • Roseland: 973-403-0100
  • Hackensack: 201-430-2400
  • New York: 212-744-9600

May 2019 Archives

New Jersey developer secures financing for Bayonne project

A major New Jersey real estate developer has secured financing for a multifamily development in Hudson County. Industry sources report that Kushner Real Estate, which is based in Bridgewater, has closed a deal that will provide it with the $50.4 million it needs to complete the 200-unit luxury project. The money will come in two installments from People's United Bank and PNC Bank. The first $5.4 million is a pre-development loan, and the remaining $45 million will be made available in the form of a construction loan that must be paid off or refinanced after three years.

Residential and non-residential construction starts on the rise

More people in the New Jersey and New York area are investing in construction projects based on March 2019 construction start figures. These stats are specific to New York-area construction, which typically extends to parts of the Garden State. This positive news comes after three straight months of declines. The nearly $4 billion in construction starts for March 2019 is a 40% increase from what was reported in March of 2018.

Contact Our Construction Law Team Today

We invite you to contact us to schedule a free initial phone consultation today at one of our three office locations. Feel free to call or send our office an email.

Roseland 973-403-0100 | Hackensack 201-430-2400 | New York 212-744-9600

We also handle personal injury matters, and frequently resolve commercial and real estate disputes.

Roseland Office
103 Eisenhower Parkway
Suite 305
Roseland, NJ 07068

Phone: 973-403-0100
Roseland Law Office Map

Hackensack Office
3 University Plaza
Suite 207
Hackensack, NJ 07601

Phone: 201-430-2400
Map & Directions

New York Office
18 East 41st Street
6th Floor
New York, NY 10017

Phone: 212-744-9600
Map & Directions

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