Palladium secures construction loan for McGinley Square project

Palladium Management recently announced it has secured an $11.4 million construction loan through Lakeland Bankfor a 62-unit historic redevelopment in McGinley Square in Jersey City.

“We are happy to be working with Lakeland Bank for the development of a truly unique and historically significant asset in an up-and-coming neighborhood in Jersey City,” David Roth, principal of Palladium Management, said.

Palladium will co-develop the property alongside Metrovest Equities. The co-developers selected Pine Builders as the project’s general contractor.