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Golden Glades lands $41M loan for Jersey City luxury building

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Golden Glades Capital Management landed a $41 million loan for its luxury apartment building in Jersey City, Real Estate NJ reported. The two-year, floating-rate financing from Ares Commercial Real Estate Corp. “will allow Golden Glades Capital Management to execute their business plan and lease-up the property,” Matthew Pizzolato, a JLL director, told the outlet. The building known as BELA houses 104 luxury apartments and is in an Opportunity Zone. Amenities include a yoga studio, a fitness center and an outdoor lounge.  [RE-NJ]

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