01/03/2025
LOAN
IMAGE: Benjamin Nevid, Robert Schwartz & Steven Jemal
DATE: 12/27/2024
ADDRESS: 7711 River Road
MARKET: Edgewater, NJ
ASSET TYPE: Development Site ~ SF: 192,285
LENDER: Robert Schwartz & Steven Jemal () - S3 Capital ()
LANDLORD: Arilex Realty - Alexis Pizzuro & Arianne Schreer
BROKERS: Benjamin Nevid - Meridian Capital Group (.Capital.Group)
LOAN AMOUNT: $59,000,000
LOAN TYPE: Construction
LOAN TERMS: 157 Years
NOTE FROM BROKER: Meridian Capital Group successfully arranged a $59 million construction loan for the development of a 12-story, 157-unit Class A multifamily rental property at 7711 River Road in Edgewater, NJ. The deal, arranged by Senior Managing Director Benjamin Nevid, supports Arilex Realty's vision for a luxury Hudson River waterfront development featuring premium finishes, modern amenities, and scenic views. Financing was provided by S3 Capital, represented by Director of Originations Steven Jemal and Co-Founder Robert Schwartz.
