Stratton Capital Group Provides $26.7 Million Bridge Loan for Class A Multifamily Refinance in Newark, New Jersey

NEWARK, N.J., September 17, 2024 — Stratton Capital Group, a leading private lender specializing in commercial and real estate financing, has provided a $26.7 million bridge loan to refinance The Edison, a premier 18-story Class A multifamily property located in the heart of downtown Newark.

The property features 236 contemporary apartment units with open-concept layouts, floor-to-ceiling windows, and designer interiors complemented by premium finishes. Residents enjoy access to a rooftop terrace overlooking the Manhattan skyline, a fully equipped fitness center, coworking spaces, and ground-floor retail designed to enhance the neighborhood’s urban lifestyle.

Strategically located within Newark’s revitalized business district, The Edison sits just blocks from Newark Penn Station and major transit routes connecting to New York City, Jersey City, and Hoboken. The property’s walkable location and access to entertainment, shopping, and dining have made it one of the city’s most desirable residential destinations.

“We’re thrilled to support the continued growth and momentum of Newark’s downtown resurgence,” said Lantz George, Co-Chief Executive Officer at Stratton Capital Group. “This transaction aligns with our focus on financing high-quality multifamily assets in urban markets experiencing strong renter demand and long-term investment potential.”

The loan was structured to provide flexible terms that allow the sponsor to stabilize the asset post-renovation and prepare for a long-term permanent takeout. Stratton Capital Group’s team expedited the underwriting and funding process to meet the borrower’s timing and transaction objectives.

David Jackson, Co-Chief Executive Officer of Stratton Capital Group, added, “Our team takes pride in providing certainty of execution for sponsors across the country. This deal exemplifies our ability to close efficiently on complex, large-scale assets while maintaining the personalized approach we’re known for.”

Stratton Capital Group continues to expand its national lending footprint, offering bridge, construction, and structured financing solutions up to $100 million for multifamily, mixed-use, and commercial assets.

About Stratton Capital Group

Stratton Capital Group is a premier private lender providing fast, flexible financing for real estate investors and developers nationwide. With decades of combined lending experience, the firm specializes in bridge loans, construction financing, and value-add redevelopment projects. Stratton Capital Group’s commitment to speed, integrity, and execution has made it a trusted capital partner across all 50 states.