Affinius Capital Lends $310M for Jersey City Multifamily Tower Build
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in September 2026: $2B across 19 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
The demand for apartments across the Hudson River keeps rising. Namdar Group has landed $310 million of construction financing to build a 47-story multifamily tower in Jersey City, N.J., Commercial Observer has learne…
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