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

425 Putnam Ave., 90 Downing, 435 Grand, and 29 Putnam, located in Clinton Hill, Brooklyn, have undergone a multifamily property transaction. The total square footage of the property is 123,080, and it comprises 125 units. The deal was finalized on April 15, 2022.

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

The loan for this transaction was provided by Customers Bank, with Donald States and Austin Hartman acting as representatives. The landlords involved in the deal are Delshah Capital and Fortress Management. The brokers who facilitated the transaction are Max Herzog, Adam Dietrich, Hall Oster, Marko Kazanjian, and Stephen Palmese from JLL.