- Co-founded in 2015 by Charles Clinton and Marious Sjulsen, EquityMultiple is a New York-based real estate investment firm designed to build investor wealth through streamlined access to diverse real estate investment products;
- With total distributions equaling over $480m, the firm blends crowdfunding with a more traditional real estate investment and has expanded its reach in the real estate private lending space;
- The $21m note-on-note loan from OakNorth will be used in the repositioning of BellWorks Ft. Monmouth, a four-story Class A office-led building in Tinton Falls, New Jersey.
New York, USA, 26 May, 2025; OakNorth, the leading digital bank for entrepreneurs, by entrepreneurs, has provided an $21m note-on-note facility to New York-based real estate investment firm and lender, EquityMultiple.
Co-founded in 2015 by Charles Clinton and Marious Sjulsen, the firm specializes in building investor wealth through streamlined access to diverse real estate investment products. With total distributions equaling over $480m, EquityMultiple successfully blends crowdfunding with a more traditional real estate investment approach. The launch of the EM Ascent Income Fund, EquityMultiple’s dedicated private credit fund, has helped solidify the firm’s reputation as a trusted private lender in the real estate middle market space. Since inception, the firm has built up a strong reputation for combining industry-leading asset management, innovative technology, and personalized customer support to bring investors an unparalleled experience.
The $21m note-on-note loan from OakNorth will be used to reposition and lease a four-story Class A office-led building in Tinton Falls, New Jersey. Located at 1 Commvault Way, the 249k sq. ft site consists of 10 separate office spaces, three retail units, a dining hall, fitness center, training and conference space, café, gaming rooms, several walking trails and sport courts, as well as 930 parking spaces. EquityMultiple’s borrower will look to significantly transform the entire site by modernizing the amenity space and updating the fitness center, improving the cafe to include a full-service restaurant and food court, and create a subsection of co-working spaces as a complementary tenancy strategy.
Peter Paladino, Director of Credit Investments at EquityMultiple, commented on the transaction: “This project represents another solid loan closing for the EM Ascent Fund. The borrower is building upon its prior success to help meet the rising demand for dynamic, mixed-use workspaces in the region. Despite this being a highly complex transaction, Max and the OakNorth team remain a trusted lending partner, always highly transparent in the process. We look forward to partnering with them on future loan opportunities throughout the rest of 2025 and beyond.”
Max Saidman, Director of Debt Finance at OakNorth, added: “Under Charles and Marious’s leadership, EquityMultiple have created a very strong reputation across the region’s commercial real estate market. Its strong track record in investing and lending on middle market real estate assets, gives us great confidence in supporting this latest acquisition loan. This transaction underscores our continued focus on backing experienced lenders with a clear vision and proven execution capability.”
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Notes to editors
About OakNorth
Launched in September 2015 and founded by entrepreneurs, OakNorth is a digital bank focused on serving and empowering the lower mid-market (businesses with £1m-£100m in turnover), that are seeking to scale but are routinely underserved or overlooked by traditional banks.
To date, it has provided $17bn to these businesses across a wide range of sectors, achieving performance metrics that place it amongst the top 1% of commercial banks globally. Its loans have directly contributed to the creation of 56,000 jobs, and over 34,000 new homes across the UK and the US – the majority of which are affordable and social housing.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
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