Kushner Companies Secures $415 Million Loan For Monmouth Mall Development In Eatontown New Jersey

The property involved in this transaction is a development site located at 180 Route 35 South in Eatontown. The site is currently set for redevelopment with an investment of $415 million. The planned project, Monmouth Square, will include 1,000 apartments and a 990,000-square-foot retail space anchored by Whole Foods, along with various amenities, targeted for completion in 2028.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $415,000,000
• Lender: Rithm Capital & Fortress Investment Group
• Landlord: Laurent Morali - Kushner Companies

Key individuals involved in the deal include Laurent Morali, representing Kushner Companies as the landlord in this transaction. Rithm Capital and Fortress Investment Group are engaged as lenders, providing the necessary financing for the redevelopment of the Monmouth Mall project.