10A — April 14 - 27, 2017 — Financial Digest — M id A tlantic
Real Estate Journal
www.marejournal.com
F inancial D igest Co-developing property with partners at Metrovest Equities
Palladium Management obtains $11.5 million construction loan with lender Lakeland Bank J erseyCity, NJ — Pal- ladium Management has secured an $11.425
“We’ve assembled a great team,” said Roth, “and we are excited to add this property to our growing portfolio of multifamily assets”. n Windels Marx promotes Deyhle to partner NewBrunswick, NJ — Windels Marx LLP recently announced the promotion of Patrick Deyhle to partner in its New Brunswick office. Deyhle joined the firm shortly after graduating from American University Washington School of Law, where his practice has since focused primarily on rep- resenting lenders in com- mercial real estate financ- ing transactions, including acquisition, construction and permanent mortgage financ- ing, as well as representing lenders in commercial and corporate financing matters. Additionally, Deyhle has experience in working out distressed loans, and docu- menting both restructur- ing arrangements and loan modifications. Deyhle’s clients include banks, financial institutions and other non-traditional real estate lenders. Addi- tionally, he has experience representing developers, owners and investors in the areas of real estate financing, development, acquisitions, dispositions, and commercial leasing. In his new role as partner, Deyhle will continue his representation of real estate finance clients, and expand his work in the areas of commercial real estate financing and development. Deyhle is licensed to prac- tice in New Jersey, New York, Maryland, the District of Columbia and the United States District Court for the District of New Jersey. He earned his J.D. from Ameri- can University Washington College of Law (2007) and his B.S. in Applied Econom- ics and Management from Cornell University (2004). Windels represents domes- tic and international clients in banking and finance, en- ergy and environment, gov- ernment and tobacco inter- ests, healthcare, hospitality, insurance, manufacturing, real estate, technology and intellectual property and transportation. n
asset in an up-and-coming neighborhood in Jersey City,” said David Roth , principal of Palladium Management. Palladium will co-develop the property with its part- ners at Metrovest Equities . Pine Builders will be the project’s general contrac- tor. Metrovest Equities has extensive experience in the McGinley Square submar- ket, having developed two adjacent historic properties into condominiums. Pine Builders has over 35 years of construction experience in New York and New Jersey.
million loan with lender Lake l and Ba n k f o r the deve l - opment of a historic 62- unit rental building in Jersey City’s
David Roth
McGinley Square. “We are happy to be working with Lakeland Bank for the de- velopment of a truly unique and historically significant
McGinley Square, Jersey City
PalladiumManagement would like to sincerely thank: And the entire staff of Schumann Hanlon for all their hard work in arranging and closing the construction financing for The Roxy project in Jersey City, NJ . Gene Boffa Jr., Partner Gene Boffa III, Associat e
62 West 45th Street, 8th Floor New York, NY 10036
O: 646-438-9498 | F: 212-302-5316 www.palladiummgt.com
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