NEW YORK – BlueGate Partners announced the permanent financing of The Devan, a newly completed, resort-style multifamily community located on the Hoboken-Jersey City border. BlueGate served as the exclusive financing adviser on behalf of the owner, a partnership between URSA Development Group and Fields Grade. The transaction was led by Mark DeLillo from BlueGate, Suzanne Sciarra from URSA and Greg Russo from Fields Grade.
The 336-home community, completed in 2024, blends modern urban living with an impressive amenity package, including rooftop lounge with NYC skyline views, state-of-the-art fitness center, library and media room, co-working lounges, expansive courtyard with pool, private dog run and dog wash and a dedicated shuttle to NJ Transit’s Hoboken Station.
“This financing milestone underscores both the strong market fundamentals of Jersey City and the high quality of The Devan,” said Mark DeLillo of BlueGate Partners. “We appreciate the lender’s professionalism and seamless approach, and thank URSA and Fields Grade for its support and coordination during closing process.”
