Hillel Hertz Of Goldcrest Properties Refinances Zachary Arms Apartments In Hamilton For $31.5M

The property asset involved in this transaction is the Zachary Arms Apartments, a multifamily residence consisting of 240 units situated on 21.76 acres at 1 Zachary Lane in Hamilton. The refinancing was executed with a loan amount of $31.5 million from Provident Bank, nearly aligning with the property's previous acquisition of $32 million in November 2023.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $31,500,000
• Address: 1 Zachary Lane
• Market: Hamilton
• Units: 240
• Acres: 21.76
• Lender: Provident Bank
• Landlord: Hillel Hertz - Goldcrest Properties
• Brokers: Morris Betesh, Jacob Schmuckler, Morris Dabbah & Louis Halperin - Arrow Real Estate Advisors
• Loan Type: Refinance

The deal involved key individuals including Hillel Hertz from Goldcrest Properties, who is the landlord. Arrow Real Estate Advisors, represented by Morris Betesh, Jacob Schmuckler, Morris Dabbah, and Louis Halperin, arranged the financing as part of Goldcrest's strategy to enhance the property's value through renovations and increased occupancy.