Waterfront high-rise multifamily community secures $109.5M refinancing in New Jersey

NEW YORK, May 1, 2026 –  JLL Capital Markets announced today that it has facilitated a $109.5 million refinancing for Riello Edgewater, a 272,191-square-foot, Class A high-rise multifamily community located on the Hudson River waterfront in Edgewater, New Jersey.

JLL represented the sponsors, Skylight Real Estate Partners and PCCP, in arranging the three-year, floating-rate loan through MF1.

Located at 99 Gorge Rd., Riello Edgewater serves the growing demographic of renters seeking larger and higher quality units, while still having access to downtown Manhattan and the five boroughs. The community offers seamless connection to the George Washington Bridge and Lincoln Tunnel, as well as various public transit opportunities to the city.

Riello Edgewater is a 226-unit multifamily community featuring one-, two-, three- and four-bedroom floor plans that average 1,139 square feet, as well as luxurious multi-level penthouse suites, with select layouts incorporating dedicated home office space and wraparound balconies showcasing panoramic views of the Manhattan skyline and Hudson River. The property offers 341 parking spaces and has recently redesigned common areas with high-end upgrades to the lobby, corridors, fitness center, sauna, golf simulator, resident party room and the outdoor lounge.

Edgewater successfully transitioned from its industrial past into a premier residential community along New Jersey’s Gold Coast. The area is highly sought-after for its unparalleled views of the Manhattan skyline and collection of luxury residential buildings, upscale retail and waterfront dining opportunities.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of March 31, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Skylight Real Estate Partners is a privately held real estate investment and development firm specializing in the acquisition, development and operation of transformative properties with a primary focus on New York City and other major East Coast markets. The firm is recognized for its expertise in acquiring and repositioning assets in supply-constrained markets, providing hands-on asset management and executing value-add strategies in strong submarkets. Notable investments include Infinity Edgewater, a 100-unit mid-rise multifamily property in New Jersey, and Hudson Lights, a 276-unit premier multifamily community in Fort Lee, New Jersey.

PCCP is a real estate finance and investment management firm focused on commercial real estate debt and equity investments.  PCCP has approximately $29.2 billion in assets under management on behalf of institutional investors as of September 30, 2025.  With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 27-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements.  PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $46.6 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures.  PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital. Learn more about PCCP at www.pccpllc.com.

MF1® is a multifamily lending platform led by seasoned professionals from Limekiln Real Estate (“Limekiln”) and Berkshire Residential Investments (“Berkshire”). MF1 has grown to become the largest provider of Multifamily bridge capital in the industry, having executed over $30B of financings since its inception.