Denholtz Properties has secured a $49.8 million Fannie Mae non-recourse, first mortgage loan for the acquisition of Solo at North Bergen, a Class A 214-garden style apartment complex in North Bergen, NJ. The project is set to be completed in two phases during 2021 and 2022.
In August 2023 Denholtz Properties acquired the property for $89 million and it consists of four five story buildings on 5.76 acres of land offering studio units as well as one bedroom, two bedroom and two bedroom with two bathrooms apartments respectively . Alan Isenstadt , Bruce Kaskey and Joe Tinti from KeyBank Real Estate Capital arranged the financing for this transaction .
