$7.25 Million Loan for Jersey City Mixed-Use Property
April 29, 2021 — Fort Amsterdam Capital, an affiliate of Sugar Hill Capital, has provided a $7.25 million bridge loan on a mixed-use property in downtown Jersey City, New Jersey. The loan provided the Borrower with the capital needed to complete the project and carry the property through stabilization. Upon completion, the Property will be a newly built Class A building consisting of 16 residential units and ground floor retail in a desirable location.