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LCOR secures $155m in financing for multi-housing development in New Jersey
Transactions - FEBRUARY 5, 2025

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LCOR secures $155m in financing for multi-housing development in New Jersey

by Denise Moose

LCOR has secured $155 million in construction financing for Charlie, a 386-unit multifamily development in Hoboken, N.J.

JLL represented the borrower in arranging the five-year floating-rate loan from insurance accounts managed by KKR.

Charlie sits next to the NJ Transit Hoboken Terminal, providing access to multimodal transportation options such as NJ Transit buses, rail, light rail, NY Waterway ferry and PATH services. Positioned along the Hudson Waterfront, residents can reach Manhattan in 12–15 minutes.

Charlie is a 27-story luxury mixed-use residential tower under construction and scheduled for completion in 2026. The development includes 386 units with an average size of 698 square feet, offering studios and junior one-, one-, two- and three-bedroom options. Units feature SmartRent controls for heating, cooling and electric functions, along with top-tier amenities like a concierge service, fitness center and large rooftop deck with a pool. Additional ame

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