Civitas Celebrates Successful Mezzanine Loan Repayment for Hudson Exchange
Deal News | Jan 30, 2025 | Civitas Capital Management LLC
Civitas Capital Group, a Dallas-based alternative investment manager, has announced the successful repayment of its mezzanine loan to Brookfield Corporation for the development of the Hudson Exchange, a Class A mixed-use development located in Jersey City, New Jersey. The development was part of an ambitious project that began construction in 2015 and became a crucial part of the area's growth upon opening in 2017. The Hudson Exchange project includes multifamily towers, with another one underway, highlighting its continued expansion. This achievement signifies a complete investment cycle for Civitas, which originated as an EB-5 focused firm and has assisted over 1,500 families globally. The repayment of the loan marks another milestone in Civitas’ 15-year history in providing niche investment opportunities in U.S. real estate.
Sectors
- Real Estate
- Alternative Investments
- Finance
Geography
- United States – Civitas Capital Group operates within the U.S., and the Hudson Exchange project is located in Jersey City, New Jersey.
- New Jersey – The development project discussed in the article, Hudson Exchange, is situated in Jersey City, New Jersey.
Industry
- Real Estate – The article focuses on real estate development projects, specifically the Hudson Exchange, a significant mixed-use project in New Jersey by Civitas.
- Alternative Investments – Civitas Capital Group is an alternative investment manager that provides niche investment opportunities.
- Finance – The repayment of a mezzanine loan indicates involvement in financial activities linked to investments in real estate.
Financials
- Not specified – The specific amount of the mezzanine loan repayment is not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Civitas Capital Group | Private Equity Firm | Company | A Dallas-based alternative investment manager focused on niche U.S. real estate opportunities, particularly through EB-5 programming. |
| Brookfield Corporation | Developing Company | Company | Formerly Forest City Realty, involved in the development of the Hudson Exchange project. |
| Jeff Kiser | Director and Head of EB-5 Investor Relations | Person | Executive at Civitas, providing commentary on the completion of the investment cycle. |