Developer Art Johnson has landed $120 million in financing for a mixed-use project his firm is building in Jersey City. The financing for 400 Claremont Avenue is split between an $84 million construction loan and $36 million in equity, according to Johnson and Progress Capital founding partner Kathy Anderson, who arranged the deal. The loan comes from Emanuel Stern’s Tall Pines Capital, while the equity was purchased by private investors. “We think it’s a terrific
source https://therealdeal.com/2020/02/19/jersey-city-mixed-use-project-lands-120m-in-financing/
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