Denholtz Properties Secures $11M Loan For 288-Unit Multifamily In Rahway

1171-1181 Main Street, Rahway, New Jersey 07065, United States

$11,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Aug 12, 2022

AI

An $11 million loan has been secured for a multifamily property located at 1171-1181 Main St in Rahway. The property consists of 288 units and is owned by Denholtz Properties. The loan was provided by Malvern Bank and has a term of five years with a fixed interest rate.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $11,000,000
Address: 1171-1181 Main St, Rahway
Market: Rahway
Units: 288

The deal was brokered by Michael Klein, Jon Mikula, and Salvatore Buzzerio of JLL Capital Markets. Bill Boylan from Malvern Bank acted as the lender for the loan.

Players