NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Bravo Property Trust, a privately held commercial real estate lender affiliated with Bravo Capital, today announced the closing of a $68 million senior construction loan to Skyrock Capital for a 180-unit luxury multifamily development in Bayonne, New Jersey.

The six-story development will occupy a 2.3-acre waterfront site along Newark Bay. Plans include two floors of parking, a swimming pool and a fitness center. Construction is expected to be completed in late 2027. Bravo Property Trust’s financing will fund the ground-up development, with a planned transition to long-term HUD-insured financing through Bravo Capital.

“Construction financing in today’s market requires speed, certainty and a willingness to structure thoughtfully,” said Aaron Krawitz, CEO of Bravo Property Trust. “This closing demonstrates our ability to provide decisive capital for high-quality projects and experienced sponsors. Bayonne’s waterfront continues to attract meaningful long-term investment, and we are pleased to support the development of this new community.”

“We structured the construction financing with the anticipated HUD takeout in mind from the outset,” said Aidan Birnbaum, Portfolio Manager of Bravo Property Trust. “Having construction and HUD lending capabilities across Bravo Property Trust and Bravo Capital allows us to coordinate the financing strategy from groundbreaking through the planned transition to permanent debt.”

Bravo Property Trust and its affiliates have closed more than $2.5 billion in financing nationwide. The platform provides a broad range of debt and equity solutions across the capital stack, including construction, bridge, Bridge-to-HUD, HUD/FHA, mezzanine and preferred equity financing.

Media Contact
Kiril Kirilov, Head of Marketing
Bravo Capital
Email: kiril.kirilov@bravocapital.com