JERSEY CITY, N.J. — JLL has arranged a $193 million loan for the construction of Pathside, a 605-unit high-rise community in the New York City suburb of Jersey City. The property will be built in Jersey City’s Journal Square neighborhood. Pathside will feature studio, one-, two- and three-bedroom apartments, as well as 3,200 square feet of ground-floor commercial space.
The borrower, Panepinto Properties Inc., plans to deliver Pathside in the second quarter of 2026. Thomas Didio, Thomas Didio Jr., Gerard Quinn and Salvatore Buzzerio of the debt advisory team at JLL Capital Markets arranged the five-year, floating-rate, nonrecourse loan through Pacific Life. Joseph Panepinto Jr., global president of Panepinto Properties, led the financing negotiations on behalf of the developer. The general contractor on the project is AJD Construction.