# TKK Capital Secures $81 Million Refinancing for One Grove in Jersey City
Big news for Jersey City’s luxury housing scene: TKK Capital just landed $81 million in refinancing for One Grove, a newly finished Class A multifamily property with 200 units. Cushman & Wakefield arranged the deal, and Société Générale stepped up with a five-year, interest-only loan.
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This move signals a hefty investment in Jersey City’s residential market. Despite the usual economic ups and downs, it shows there’s still plenty of faith in the area’s real estate.
Details of the One Grove Refinancing Deal
The refinancing package arrived right after One Grove wrapped up construction in 2024. Earlier that year, TKK Capital had already secured a $50 million construction loan to get the project built.
Cushman & Wakefield’s team—Brad Domenico, Frank Stanislaski, and Jack Subers—guided TKK Capital through the refinancing process. They seemed to be hands-on throughout.
Société Générale, providing the five-year interest-only loan, worked with their own in-house crew and some outside financial advisors. It’s hard not to notice that this deal happened while the multifamily lending market was sending out mixed signals.
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Market Context for the Refinancing
The timing here is kind of fascinating. The multifamily sector saw a 39% year-over-year jump in loan originations during Q1 2025.
But get this: there was also a 41% drop from the previous quarter. The market’s been anything but steady lately.
About One Grove: A Premier Jersey City Residential Development
MHS Architecture designed One Grove, and it’s a pretty striking example of modern city living. The 13-story building sits at 215 Grove St., just a short walk from downtown Jersey City.
Residents can easily reach all kinds of transportation, restaurants, shops, and entertainment. The location’s tough to beat for convenience.
It’s only 10 miles to Newark Liberty International Airport and about 7 miles southwest of Manhattan. That makes it a solid pick for professionals who work in New York City but want something a little less frantic after hours.
Property Features and Amenities
One Grove has a mix of studios, one-, two-, and three-bedroom units, ranging from 485 up to 1,376 square feet. Some apartments even have private balconies or patios—always a plus for some fresh air.
There’s also close to 1,000 square feet of retail space, adding a bit more energy to the neighborhood.
Residents get access to a bunch of high-end amenities, including:
One Grove’s Impact on Jersey City’s Housing Landscape
One Grove brings something new to Jersey City’s housing scene, especially for folks eyeing the luxury market. The city keeps changing and, honestly, feels more like a real alternative to Manhattan these days.
Developments like One Grove help keep up with the rising demand for nicer places to live. If you ask me, that’s a good thing—people want options.
For anyone checking out things to do in Jersey City, One Grove’s spot makes it simple to reach the lively downtown. It’s right in the thick of one of the most energetic city districts, so getting to local attractions is a breeze.
If you’re mulling over where to stay in Jersey City, the neighborhood around here has a bunch of choices. Still, the Jersey City hotels nearby tend to book up fast when tourist season hits.
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Here is the source article for this story: TKK Capital Lands $81M Refi for Jersey City Community
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