Greystone Arranges $38.8 Million Refinance for Skylar Lofts in Jersey City

Greystone has arranged a $38.8 million refinance for Skylar Lofts, a newly built 80-unit multifamily community located at 26 Brook Street in Jersey City, New Jersey, the firm announced July 13.

Greystone acted as the capital markets arranger on the deal. The lender, loan terms, interest rate, maturity date, and loan-to-value ratio were not disclosed in the announcement.

Property Overview

Skylar Lofts comprises 80 residential units and is described in the announcement as a newly developed luxury multifamily asset. The property is located at 26 Brook Street in Jersey City, NJ 07302. Year of construction completion, occupancy rate, and average asking rents were not disclosed.

"Skylar Lofts represents an exceptional newly developed multifamily asset in one of the country's strongest urban rental markets," according to the announcement. A Greystone representative also noted the firm "was pleased to secure a refinancing solution that supports the sponsor's long-term business objectives while recognizing the property's premier location."

About Greystone

Greystone is a commercial real estate finance company active in multifamily debt placement and related advisory services. The firm operates through Greystone Capital Advisors, among other platforms.

Sources:
GlobeNewswire — Greystone Arranges $38.8 Million Refinance for Newly Built Skylar Lofts in Jersey City (July 13, 2026)