Benmark Capital Provides $73.5M Bridge Loan For Multifamily Buildings In Elizabeth, NJ

The loan, collateralized by two stunning six-story residential rental buildings located at 907-931 East Jersey Street in Elizabeth, NJ, boasts a loan amount of $73,500,000. The properties include a shared amenity building and a spacious 550-space parking structure, offering a total of 274 units and a luxury amenity building for residents.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $73,500,000
• Lender: Benmark Capital - Joe Moser & Mark Simon
• Loan Type: Bridge
• Loan Terms: Both buildings have obtained their certificate of occupancy, ensuring a premium living experience.
• Market: Elizabeth, NJ

Benmark Capital, represented by Joe Moser & Mark Simon, is a premier balance sheet lender based in Miami, actively financing bridge loans along the East Coast. For loan inquiries, you can reach out via email at [email protected].