Bravo Property Trust Closes $68 Million Construction Loan for 180-Unit Bayonne Waterfront Multifamily Project

Bravo Property Trust, a privately held commercial real estate financing platform, has closed a $68 million senior construction loan for the ground-up development of a 180-unit luxury multifamily project on the Bayonne, New Jersey waterfront, the firm announced July 6, 2026.

The loan will fund construction of a waterfront multifamily community at 219 West Fifth Street in Bayonne. The borrower was not disclosed in the announcement.

Deal Terms and Project Details

The $68 million senior construction loan equates to approximately $378,000 per unit across the 180-apartment building. Additional project details, including building height, parking configuration, and amenities, were not disclosed in the announcement.

Bravo Property Trust said the financing gives the sponsor capital certainty to break ground and deliver new housing supply to a Northern New Jersey submarket it described as characterized by steady demand and limited new inventory.

"Construction financing today rewards lenders who can move quickly and structure with conviction, and that is exactly what this closing demonstrates," said Aaron Krawitz, CEO of Bravo Property Trust. "Bayonne's waterfront is attracting serious long-term investment, and we were proud to give this sponsor the certainty to build."

"As capital markets continue to evolve, experienced sponsors increasingly value lenders that can provide multiple financing solutions and serve as long-term partners throughout the life of an investment," said Gabi Moshayev, Chairman and Co-Founder of Bravo Property Trust.

Bravo Property Trust Platform

Since its inception, Bravo Property Trust has financed more than $1 billion of primarily multifamily and healthcare real estate transactions nationwide, according to the firm.