Mathias Deutsch & Isidore Bleier Secure $50 Million Loan From Dwight Mortgage Trust For Toms River Multifamily Purchase

The property involved in this transaction is a multifamily asset located at 1700 Route 37 West in Toms River, NJ. This asset comprises 331 units spread over 55 acres. The total transaction value for the purchase of the Silverwoods property was $59 million, with acquisition financing amounting to $50 million sourced from Dwight Mortgage Trust.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $59,000,000
• Loan Amount: $50,000,000
• Units: 331
• Acres: 55
• Lender: Josh Sasouness - Dwight Mortgage Trust
• Landlord: Mathias Deutsch & Isidore Bleier
• Broker: Moshe Feiner - Sevenstone Capital
• Loan Type: Acquisition

Mathias Deutsch and Isidore Bleier secured the acquisition financing through Dwight Mortgage Trust. Sevenstone Capital was instrumental in arranging this deal, which will cover various costs associated with the acquisition, including an interest reserve and an interest rate cap.