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S3 Capital Lends $49M for New Jersey Multifamily Project

Development firm RedHoek+ has landed $49 million of construction financing to develop a multifamily project in New Jersey’s Monmouth County, Commercial Observer has learned. S3 Capital provided the lo

Summary

Development firm RedHoek+ has landed $49 million of construction financing to develop a multifamily project in New Jersey’s Monmouth County, Commercial Observer has learned.

S3 Capital provided the loan for the developer’s planned rental housing development in Allenhurst, N.

J., that will feature 28 townhomes and 23 apartments designated as affordable housing. “In markets with meaningful […]

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