{"id":1000151,"date":"2026-09-02T21:48:56","date_gmt":"2026-09-03T01:48:56","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\/"},"modified":"2026-09-02T21:48:56","modified_gmt":"2026-09-03T01:48:56","slug":"walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\/","title":{"rendered":"Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City"},"content":{"rendered":"

<\/p>\n

Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City<\/b><\/p>\n

BETHESDA, Maryland–(BUSINESS WIRE<\/a>)–Walker & Dunlop, Inc.<\/a> announced today that it has arranged $390,000,000 in construction financing for Park Tower, a new Class A mixed-use multifamily development in Jersey City\u2019s Journal Square neighborhood.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260902297145\/en\/<\/a><\/p>\n

\"Park<\/p>\n

Park Tower. Photo Credit: Namdar Group<\/p>\n<\/div>\n

\nWalker & Dunlop Capital Markets Institutional Advisory arranged the loan as exclusive advisor to Namdar Group. Aaron Appel<\/a>, Keith Kurland<\/a>, Jonathan Schwartz<\/a>, Adam Schwartz<\/a>, Dustin Stolly<\/a>, Sean Reimer<\/a>, Jordan Casella<\/a>, Christopher de Raet<\/a>, and Edward Leboyer arranged the floating-rate, interest-only senior construction loan from Affinius Capital and the floating-rate, interest-only mezzanine loan from BH3 Fund Advisors.<\/p>\n

\n\u201cPark Tower brings together market-rate and affordable housing, extended-stay accommodations and retail in one of the region\u2019s most active transit-oriented neighborhoods,\u201d said Appel, senior managing director of Capital Markets and co-head of Institutional Advisory at Walker & Dunlop. \u201cThis financing reflects the strength of the project, Namdar Group\u2019s vision for Journal Square and continued institutional demand for housing in the market. We value our longstanding relationship with Namdar Group and the opportunity to work alongside them again as they bring another significant residential development to Journal Square.\u201d<\/p>\n

\nRising 47 stories and encompassing approximately 501,000 square feet, Park Tower will feature 1,049 residential units, 944 market-rate apartments, and 105 affordable apartments. The market-rate residences will include 743 alcove studios, 179 one-bedroom apartments and 22 two-bedroom apartments, while the affordable residences will include 21 studios, 60 two-bedroom apartments, and 24 three-bedroom apartments. The commercial component will include 30 extended-stay hotel units, complemented by ground-floor retail. The project is expected to be completed by May 31, 2029.<\/p>\n

\n\u201cWe continue to see strong demand in Journal Square from young professionals, students and middle-income residents who want a Class A living experience with convenient access to Manhattan,\u201d said Effy Namdar, chief investment officer at Namdar Group. \u201cPark Tower\u2019s intentionally designed unit mix directly responds to that demand while offering premium amenities and rents that remain attractive compared with Manhattan. We appreciate Walker & Dunlop, Affinius Capital, and BH3 Fund Advisors for their partnership and for recognizing our vision for the project and the continued growth of Journal Square.\u201d<\/p>\n

\nLocated in the heart of Journal Square, Park Tower will be a five-minute walk from the Journal Square PATH station, providing direct access to the World Trade Center in Lower Manhattan and 33rd Street in Midtown Manhattan. The neighborhood\u2019s connectivity to New York City, coupled with its relative affordability, has continued to drive residential demand and new development.<\/p>\n

\n“Namdar Group’s deep track record in Journal Square, combined with the project’s scale, prime location and well-conceived programming, made this compelling financing opportunity for BH3 Fund Advisors,\u201d said Adam Falk, co-portfolio manager at BH3 Fund Advisors. \u201cWe’re pleased to have partnered with Namdar Group, Affinius Capital, and Walker & Dunlop to capitalize this significant addition to the neighborhood.”<\/p>\n

\nThe transaction continues Walker & Dunlop\u2019s partnership with Namdar Group in Jersey City\u2019s Journal Square neighborhood. In September 2025, Walker & Dunlop arranged a $220,000,000 refinancing for 626 Newark Avenue<\/a>, a 576-unit, Class A mixed-use multifamily property, followed by $180,000,000 in financing for 35 Cottage Street in July 2026 to support the 27-story, 564-unit luxury multifamily development.<\/p>\n

\nIn 2025, Walker & Dunlop\u2019s Capital Markets team sourced over $22 billion from non-Agency capital providers, including nearly $16 billion for multifamily properties. This vast experience has made them a top advisor on all asset classes for many of the industry\u2019s top developers, owners, and operators. To learn more about Walker & Dunlop\u2019s broad financing options, visit our website<\/a>.<\/p>\n

About Walker & Dunlop<\/b><\/p>\n

Walker & Dunlop<\/a> (NYSE: WD) is one of the largest commercial real estate finance and advisory services firms in the United States and internationally. Our ideas and capital create communities where people live, work, shop, and play. Our innovative people, breadth of our brand, and our technological capabilities make us one of the most insightful and client-focused firms in the commercial real estate industry.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20260902297145\/en\/<\/a><\/span><\/p>\n

Media:
\n<\/b>
Nina H. von Waldegg
\n
Public Relations
\n
Phone<\/i> 301.564.3291
\n
nhvwaldegg@walkerdunlop.com<\/a><\/p>\n

KEYWORDS:<\/b> Maryland New Jersey United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property Finance Consulting Urban Planning REIT Professional Services Building Systems Other Construction & Property Residential Building & Real Estate<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n\n\n\n
Photo<\/b><\/font><\/td>\n<\/tr>\n
\"Photo\"<\/td>\n<\/tr>\n
Park Tower. Photo Credit: Namdar Group<\/font><\/td>\n<\/tr>\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City BETHESDA, Maryland–(BUSINESS WIRE)–Walker & Dunlop, Inc. announced today that it has arranged $390,000,000 in construction financing for Park Tower, a new Class A mixed-use multifamily development in Jersey City\u2019s Journal Square neighborhood. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260902297145\/en\/ Park Tower. Photo Credit: Namdar Group Walker & Dunlop Capital Markets Institutional Advisory arranged the loan as exclusive advisor to Namdar Group. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet, and Edward Leboyer arranged the floating-rate, interest-only senior construction loan from Affinius Capital and the floating-rate, interest-only mezzanine loan from BH3 Fund Advisors. \u201cPark … <\/p>\n

Continue reading “Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1000151","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWalker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City BETHESDA, Maryland–(BUSINESS WIRE)–Walker & Dunlop, Inc. announced today that it has arranged $390,000,000 in construction financing for Park Tower, a new Class A mixed-use multifamily development in Jersey City\u2019s Journal Square neighborhood. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260902297145\/en\/ Park Tower. Photo Credit: Namdar Group Walker & Dunlop Capital Markets Institutional Advisory arranged the loan as exclusive advisor to Namdar Group. Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Dustin Stolly, Sean Reimer, Jordan Casella, Christopher de Raet, and Edward Leboyer arranged the floating-rate, interest-only senior construction loan from Affinius Capital and the floating-rate, interest-only mezzanine loan from BH3 Fund Advisors. \u201cPark … Continue reading "Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-09-03T01:48:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20260902297145\/en\/2889121\/4\/Park_Tower.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City\",\"datePublished\":\"2026-09-03T01:48:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\\\/\"},\"wordCount\":750,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20260902297145\\\/en\\\/2889121\\\/4\\\/Park_Tower.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/walker-dunlop-arranges-390-million-construction-financing-for-park-tower-in-jersey-city\\\/\",\"name\":\"Walker & Dunlop Arranges $390 Million Construction Financing for Park Tower in Jersey City - 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