Denholtz Properties Secures $18 Million Equity Loan For Multifamily Development In Bound Brook

A multifamily asset located at 100 Hamilton St, Bound Brook, features 114,999 square feet and consists of 143 units. This development is classified as Class A and is situated within an Opportunity Zone. The loan amount secured for the equity transaction is $18,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $18,000,000
• Address: 100 Hamilton St, Bound Brook
• Square Footage: 114,999
• Landlord: Denholtz Properties - Steven Denholtz
• Broker: Simon Goldstein - Buckingham Advisors
• Loan Type: Equity
• Development Partnership: Denholtz Properties and Redwood Real Estate Group

Simon Goldstein of Buckingham Advisors facilitated the $18MM equity placement for the multifamily development, representing the interests of the landlord, Denholtz Properties, in this transaction.