Benmark Capital Refinances 22 Paterson Homes

Benmark Capital just pulled off a $38 million refinancing deal for 22 buildings in Paterson, NJ—housing over 200 rental units and some commercial spaces, all aimed at middle-income workers. With nearly 100% occupancy, it’s clear there’s strong demand for this kind of workforce housing, designed for folks earning 80-120% of the local median. What makes this deal stand out? It wasn’t just one loan—it was a complex, coordinated effort across all 22 properties, showcasing the financial wizardry behind affordable housing. Led by Ania Management’s Charles Florio, this move underscores how critical behind-the-scenes financing is to keeping communities vibrant and residents stable. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a6ddcccf0296582e