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Benmark Capital Provides $38M Loan for Refinancing of Workforce Housing Portfolio in Paterson, New Jersey
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Benmark Capital Provides $38M Loan for Refinancing of Workforce Housing Portfolio in Paterson, New Jersey
PATERSON, N.J. — Benmark Capital, a private equity firm with offices in Miami and New Jersey, has provided a $38 million loan for the refinancing of a portfolio of two workforce housing buildings totaling 203 units in the Northern New Jersey community of Paterson. The buildings house one-, two- and three-bedroom units, and the portfolio, which includes six commercial spaces, was 99 percent occupied at the time of the loan closing. Marc Waldman o…
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