{"id":193315,"date":"2026-04-11T12:34:23","date_gmt":"2026-04-11T12:34:23","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/193315\/"},"modified":"2026-04-11T12:34:23","modified_gmt":"2026-04-11T12:34:23","slug":"madison-realty-capital-supplies-61m-bridge-loan-for-n-j-multifamily-project-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/193315\/","title":{"rendered":"Madison Realty Capital Supplies $61M Bridge Loan for N.J. Multifamily Project \u2013 Commercial Observer"},"content":{"rendered":"

An affiliate of Sanz Property Management<\/a> has sealed $61 million of bridge debt for a newly completed multifamily asset in northern New Jersey, Commercial Observer has learned.<\/p>\n

Madison Realty Capital<\/a> originated the loan to fund the lease-up of a the 135-unit\u00a0<\/p>\n

SEE ALSO: Inflation Up 3.3% in March Amid Highest Inflationary Period Since 2022<\/a><\/p>\n

Braddock Park West property in North Bergen, N.J. The deal closed three years after Sanz landed a $52.5 million construction loan from Hall Structured Finance for the 11-story building, CO first reported<\/a> at the time.\u00a0<\/p>\n

\u201cNorth Bergen benefits from strong rental demand, limited new construction, and direct connectivity to Manhattan,\u201d Josh Zegen, managing principal and co-founder of Madison Realty Capital, said in a statement. \u201cWith the property already experiencing significant leasing success ahead of peak leasing season, the early proof of concept gave us strong conviction to move quickly and provide certainty of execution.\u201d\u00a0<\/p>\n

The Braddock Park West property commenced pre-leasing in January 2026 with move-ins beginning in February 2026. As of March 2026, the property is roughly 22 percent leased, according to Madison Realty Capital.\u00a0<\/p>\n

Braddock Park West is located at 8601 Bergenline Avenue, directly across the street from 167-acre James J. Braddock North Hudson County Park. The property received a 30-year Payment in Lieu of Taxes agreement with the Township of North Bergen.\u00a0<\/p>\n

The development features 2,000 square feet of ground-floor retail space and a 141-space indoor parking garage. Community amenities include a fitness center, coworking lounges, a rooftop terrace with grills, and electric vehicle charging stations.<\/p>\n

Walker & Dunlop<\/a>\u2019s Jordan Casella negotiated the financing.\u00a0<\/p>\n

\u201cBraddock Park West represents a best-in-class addition to one of north Hudson County\u2019s most supply-constrained and sought-after residential corridors,\u201d Casella said in a statement.\u00a0<\/p>\n

Sanz Property Management did not immediately return a request for comment.<\/p>\n

Andrew Coen can be reached at acoen@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"An affiliate of Sanz Property Management has sealed $61 million of bridge debt for a newly completed multifamily…\n","protected":false},"author":2,"featured_media":193316,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[77261,77262,75,84,83,9,24,63],"class_list":{"0":"post-193315","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-manhattan","8":"tag-jordan-casella","9":"tag-josh-zegen","10":"tag-manhattan","11":"tag-manhattan-headlines","12":"tag-manhattan-news","13":"tag-new-york","14":"tag-new-york-city","15":"tag-nyc"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/193315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=193315"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/193315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/193316"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=193315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=193315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=193315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}