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JERSEY CITY, N.J. — CBRE has arranged a $109.5 million permanent loan for 425 Summit, a 27-story apartment building in Jersey City’s Journal Square neighborhood. Completed in 2024, 425 Summit houses 390 units in studio, one-, two- and three-bedroom floor plans, as well as ground-floor retail space. Matthew Pizzolato, Jason Gaccione, Jake Salkovitz, Shawn Rosenthal, Josh Stein and Carlos Silva of CBRE arranged the loan through Northwestern Mutual on behalf of the owner, a joint venture between Spitzer Enterprises and Arden Group.