Bravo Property Trust, an affiliate of New York-based commercial real estate private capital provider Bravo Capital, this week announced that they have closed a $65 million senior construction loan for a mixed-use development in Jersey City’s West Side submarket. Jacob Savitt originated the loan on behalf of Bravo Property Trust.

“This financing underscores Bravo’s strategy of working with experienced sponsors who have a proven track record of successful development in major MSAs,” Aaron Krawitz, CEO of Bravo Capital, the parent company of Bravo Property Trust, said in a statement.

The project will feature a 15-story, 218-unit Class A mixed-use building with strategic positioning in Jersey City’s rapidly expanding West Side neighborhood, which has seen a 48% population growth over the past three years. Located on Route 440, the site offers seamless access to major highways, public transportation, and key employment hubs, along with proximity to retail, dining, and Lincoln Park, enhancing its appeal to potential residents.

This development stands out as the only mid- to high-rise project in the area, thanks to unique zoning allowances that permit a height of 15 stories – significantly taller than the predominantly 5- to 6-story buildings in the vicinity. This height advantage provides unobstructed views and a commanding presence in the neighborhood. The project also includes a premium amenity package, featuring a rooftop pool, a distinctive and rare offering in the local market.

About Bravo Property Trust: Bravo Property Trust is a leading bridge and construction financing platform, which, along with its affiliates, has closed over $1.4 billion in financing. For more information about Bravo Property Trust and Bravo Capital and its services, please visit https://bravocapital.com/ and https://bravopropertytrust.com/ or contact (212-729-4962).