Funding
NJCC Closes $15 Million NMTC Financing for ResinTech's Camden Expansion
By News Desk ·
Key takeaways
- New Jersey Community Capital closed a $15 million New Markets Tax Credit financing for ResinTech's Camden manufacturing and warehouse expansion.
- The financing supports a 34,500-square-foot addition as part of an approximately $18.6 million project, with construction expected from October 2026 to October 2027.
- JPMorgan Chase served as tax credit investor and provided an additional $3 million in NMTC allocation, bringing total allocation to $18 million.
New Jersey Community Capital closed a $15 million New Markets Tax Credit financing transaction to support the expansion of ResinTech's manufacturing and warehouse facility in Camden, New Jersey, the nonprofit community development financial institution said. The financing supports a 34,500-square-foot addition to ResinTech's Camden campus as part of an approximately $18.6 million project, according to PR Newswire.
ResinTech's Camden Expansion and NJCC's Second NMTC Deal
JPMorgan Chase served as the tax credit investor and provided an additional $3 million in NMTC allocation, bringing the total allocation for the project to $18 million. Construction is expected to begin in October 2026 and conclude in October 2027. The expansion is expected to retain 259 existing jobs, create 100 new permanent full-time positions, and support approximately 113 construction jobs.
ResinTech is a family-owned global manufacturer of ion exchange resins used in water and wastewater filtration. The company has described its Camden plant as the first U.S. Facility in more than 30 years to produce ion exchange resins. As a fair-chance employer, ResinTech provides residents with criminal records a pathway to stable, local employment, and it has committed to a Community Benefits Agreement with the City of Camden. The company also operates a work-study program with Mastery High School of Camden to help high school seniors prepare for entry into the workforce.
The transaction marks NJCC's second NMTC investment in ResinTech. In 2019, NJCC closed a $7 million NMTC transaction to help ResinTech relocate from West Berlin to Camden and develop a 170,000-square-foot manufacturing facility. The facility opened in 2020 on a 27-acre campus, and the company added 25,000 square feet of warehouse space in 2024.
"With NJCC's investment, ResinTech will expand manufacturing in Camden, create more than 100 local jobs, and increase production of critical water treatment solutions, including PFAS removal," said Jeff Gottlieb, CEO of ResinTech. Bernel Hall, President & CEO of NJCC, said, "A company that hires fairly and puts down roots in Camden is the kind of partner whose impact lasts. We are glad to support its next stage of growth."
NJCC, founded in 1987, is a nonprofit community development financial institution. On October 13, 2026, NJBIZ reported that NJCC closed a $10 million New Markets Tax Credit transaction with Lassonde Beverages U.S. To fund equipment for a new 220,000-square-foot plant in Seabrook, replacing the old facility.
Construction Financing Across Other Markets
Landmark Group India secured Rs 3.3bn in construction finance from SBI for its Gurugram commercial project Landmark One, Construction World reported on October 13, 2026. McCraney Property Co. And AEW Capital Management secured a $60.1 million construction loan for Firetower 77, a 1 million-square-foot logistics center in Rock Hill, South Carolina, with Santander Bank issuing the loan, CommercialSearch reported on October 14, 2026. KDC, a Dallas-based developer, is seeking about $3.5 billion in private financing to build AT&T's new global headquarters in Plano, Texas, Bloomberg reported on October 22, 2026.
Construction Timeline for the Camden Addition
Construction on the 34,500-square-foot addition is expected to begin in October 2026 and conclude in October 2027, according to the report. The project is part of an approximately $18.6 million investment.