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  • Madison Realty Capital finances Accurate Builders

Meridian’s Ackerman & Sonnenschein negotiate $258 million financing package

BAYONNE, LINDEN AND RARITAN, NJ — Meridian Capital Group arranged $258 million in acquisition and construction financing for three multifamily developments in Bayonne. Linden and Raritan, NJ on behalf of Jack Klugmann and Accurate Builders & Developers. The $258 million financing package, provided by Madison Realty Capital, was negotiated by Meridian senior managing director, Shaya Ackerman, and senior vice president, Shaya Sonnenschein, who are both based in the company’s NYC headquarters. “We are excited and proud to work with the Accurate team as they expand into these exciting New Jersey markets by constructing fully-amenitized multifamily rental products that will set the standard for other developments in the area,” said Ackerman. Harbor Station South, located at the intersection of Goldsborough Dr. and Port Terminal Blvd. in Bayonne, NJ, will consist of 651 studio to two-bedroom units spread across two buildings. The property will feature amenities such as a concierge service and rooftop pool with unobstructed views of the NYC skyline and the Bayonne Golf Course. The property is situated just steps from the New Jersey Transit’s 34th Street Station and the new ferry, offering quick access to Manhattan.

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