FORT LEE, N.J. (October 17, 2025) – Palisades Financial, a leading commercial real estate direct lender and advisory firm, announced that it originated a $30 million first mortgage on the remaining unsold units of a successful New Jersey “Gold Coast” condominium project. Palisades was the lead participant, providing funding through its Palisades Regional Investment Fund II (PRIF II). The PRIF II funding was used to pay off remaining debt and monies owed to subcontractors and other professionals. Since making the loan 21 additional units have closed, bringing the outstanding loan balance to a very secure level on the remaining units.

“We realized this was a phenomenal opportunity to invest in a project that was already complete, and, being well-received by the market, substantially sold.” Palisades Principal David McLain said. “In addition to the completed, unsold units, our collateral also includes an approved 110 unit second building and 14,000 square feet of retail space. Overall, the property offered an excellent opportunity for a strong return on our investment.”


“We have been able to capitalize on the current credit market dislocation and overall lack of liquidity by seeing a substantial increase in new investments that offer higher quality collateral than we’ve seen in the past,” Palisades Principal Ira Bergstein said. ”I think this New Jersey project certainly fits that description”

Palisades Financial
Palisades Financial, LLC is a commercial real estate lender and advisory firm providing bridge, mezzanine and equity financing through its Palisades Regional Investment Funds. Palisades Financial specializes in commercial real estate and secured corporate lending and has successfully completed over $2 billion in transactions.

In 2002, Palisades Financial launched its first real estate private equity fund, Palisades Regional Investment Fund I, which invested in transactions valued at over $500 million. The company subsequently launched its second fund, Palisades Regional Investment Fund II, and is raising $200 million to invest in transactions ranging from $2 million to more than $50 million.

Palisades Financial originates bridge and mezzanine financings secured by a variety of property types, including land, retail, multi-family, office, light industrial and specialty use properties. Borrowers have utilized Palisades Financial proceeds for acquisitions, development, construction and recapitalizations. Palisades Financial also invests directly in real property and acquires non-performing mortgages. Both Palisades Financial and the Palisades Regional Investment Funds are based in Fort Lee, New Jersey. For more information, call 201-894-5000 or visit www.palfi.net.