Walker & Dunlop Secures $245M Loan for Jersey City’s The Greyson
Slice of Real Estate Team
Jan 07, 2025
Key Highlights:
- $245 million loan secured by Walker & Dunlop from TYKO Capital, backed by Elliott Investment Management.
- The Greyson, a 28-story, 622-unit mixed-use tower in Jersey City, is nearing top-off.
- State-of-the-art amenities: Rooftop pool, fitness center, VR rooms, and communal spaces with skyline views.
- Prime location: Steps from Journal Square Transportation Center, connecting to Manhattan and NJ hubs.
- Significant cultural investment: Enhances Journal Square amid Jersey City’s economic growth.
Source: Business Wire
Quotes
“ “The Greyson will redefine luxury living in Jersey City, appealing to renters seeking exceptional amenities and prime connectivity as a high-value alternative to Manhattan.” ”
Michael Sokoloff, Partner at Nasser Freres
Why This Matters:
This transaction underscores Jersey City’s ascent as a prime destination for renters seeking luxury and convenience without Manhattan’s price tag. The Greyson’s mix of high-end amenities and strategic location, coupled with Walker & Dunlop’s expert financing, exemplifies the power of tailored capital solutions in shaping urban landscapes. As Journal Square evolves, The Greyson will likely become a landmark of this transformation, attracting high-income residents and boosting the area’s economic vitality.
