Northeast Regional Office
M2 at Marbella
Jersey City, New Jersey
New York Life is pleased to provide Roseland Residential Trust, a subsidiary of Mack-Cali Realty Corp., with a $117 million fixed rate mortgage secured by M2 at Marbella, a 39 story Class A apartment tower in Jersey City’s waterfront. The 311 unit LEED Certified property features best in class amenities as well as unobstructed views of Manhattan.”
—Keith Duane, Director
- The term of the loan allowed the borrower to align the maturity with NYL's existing loan secured by the interconnected Marbella Apartments
- The property is extremely well located with direct access to multiple forms of mass transit, as well as the retail and entertainment opportunities, in the heart of Jersey City’s waterfront district
Source: REI Northeast Regional Office, April 2019.