Massimo Pinelli Of Forte Real Estate Development Secures $47.25M Refinance Loan For 200-unit Multifamily In Middlesex

The View at Middlesex is a multifamily community located at 220 Lincoln Boulevard in Middlesex, NJ. The property consists of 200 units and spans a total of 225,000 square feet. A $47,250,000 HUD/FHA-insured refinancing loan has been arranged for this newly built asset with ground-floor retail.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $47,250,000
• Units: 200
• Square Footage: 225,000 SF
• Address: 220 Lincoln Boulevard
• Market: Middlesex, NJ
• Landlord: Massimo Pinelli - Forte Real Estate Development
• Brokers: John Williams, Drew Fletcher & Bryan Grover - Greystone
• Loan Type: Refinance
• Loan Terms: long-term, fixed-rate

Greystone facilitated the financing for The View at Middlesex, highlighting a robust lender interest in stabilized multifamily projects within constrained regional housing markets. This loan secures long-term, fixed-rate debt for the property developed by Forte Real Estate Development.