West New York, NJ
Overview
Torchlight Investors announces the closing of a $25.0 million preferred equity investment in a 301-unit, multifamily property located along the “Gold Coast” of New Jersey, directly across the Hudson River from Manhattan. The property features a 324-space parking garage and comprehensive amenity package, including an outdoor swimming pool, fitness studio, indoor basketball court, and resident clubhouse. Nearby ferry and light rail service provide convenient access to Manhattan and other major employment centers throughout northern New Jersey. The surrounding neighborhood is highly walkable and amenity-rich, with grocery options, waterfront dining, fitness and boutique retail offerings, and direct access to the Hudson River waterfront promenade, parks, and open green space.
Investment Profile
| Location | West New York, NJ |
|---|---|
| Property Type | Multifamily |
| Loan Type | Preferred Equity |
| Size | 301 Units |
Investment Amount
$25.0M
Year of Investment
2026
Disclaimer: The transactions described herein are provided for illustrative purposes only. The above are examples of recent transactions made by Torchlight on behalf of its clients, may only represent a small portion of such client’s portfolio, and are intended solely to demonstrate the types of investments and strategies pursued by Torchlight. The descriptions of the transactions represent a summary and not all material details. It should not be assumed that any investments identified were or will be profitable. There can be no assurance that future investments will be comparable in terms of structure, strategy, or results.