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Namdar Secures $310M for Park Tower | Real Estate News
Namdar Group just landed a $310 million construction loan for their colossal 47-story Park Tower in Jersey City’s Journal Square — a luxury apartment behemoth with over 1,000 units and wild amenities like bowling alleys and golf simulators. This marks the latest in a string of big financing wins for Namdar, including a prior $180M deal from Affinius Capital for another project — signaling strong lender confidence in the developer’s multifamily vision. With multiple major developments underway in the same neighborhood, Jersey City is poised for a dramatic urban transformation — and Namdar is…
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