Delshah Capital & Fortress Management Refinance Multifamily Properties In Clinton Hill Brooklyn For $26M

The property asset involved in this transaction consists of multifamily units with a total square footage of 123,080 and encompasses 125 units. The addresses of the properties are 425 Putnam Ave., 90 Downing, 435 Grand, and 29 Putnam, located in the Clinton Hill area of Brooklyn. The transaction involved a refinance loan amounting to $26,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $26,000,000
• Loan Type: Refinance
• Lender: Customers Bank - Donald States & Austin Hartman
• Landlord: Delshah Capital & Fortress Management
• Brokers: Max Herzog, Adam Dietrich, Hall Oster, Marko Kazanjian & Stephen Palmese - JLL

Key individuals involved in the transaction include representatives from Customers Bank, Donald States and Austin Hartman, who facilitated the loan. The landlords, Delshah Capital and Fortress Management, are responsible for the management of the properties. The brokerage team from JLL, consisting of Max Herzog, Adam Dietrich, Hall Oster, Marko Kazanjian, and Stephen Palmese, played a significant role in the deal.