Real Estate Weekly
Image default
Debt & Equity

HFF inks $80M Shipyard loan for Ironstate developers

HFF secured an $80 million refinancing for North Independence at The Shipyard, a 185-unit luxury multi-housing community in Hoboken, New Jersey.

Working on behalf of Ironstate Development, HFF placed the 12-year, fixed-rate loan with a life insurance company. Loan proceeds were used to pay off an existing mortgage.

North Independence at The Shipyard
North Independence at The Shipyard

North Independence at The Shipyard is located within the Shipyard neighborhood, which consists of five multi-housing communities that share amenities, retail, a one-acre park, ferry stop and marina on the Hudson River.

The HFF debt placement team representing the borrower was led by senior managing director Thomas Didio and associate director Samuel Seiden.

(Visited 1 times, 1 visits today)

Related posts

Bergman lands $30M loan for Giralda Farms acquisition


Kriss Capital funds $32M loan for hotel to apartment conversion in Connecticut


Last mile leader lands $127M loan deal on tri-state portfolio