KS Group Secures $60.6 Million Bridge Loan From Keystone Equities For Newark Industrial Site

The asset involved in this transaction is a 51-acre industrial site located at 151 Raymond Boulevard, Newark, NJ. The property encompasses 2,221,560 square feet and has been secured under a senior bridge loan amounting to $60,600,000.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $60,600,000
• Lender: Keystone Equities
• Borrower: KS Group
• Landlord's Representative: Shlomo Weissberg - CBRE
• Loan Type: Bridge
• Loan Terms: 18 months

Keystone Equities has successfully closed this transaction, marking it as their 16th deal and contributing to over $650 million in capital deployed in the last 36 months. The company is noted for actively deploying capital across the country and emphasizes their capability in managing various complexities within transactions.