KRE Group Secures $90M Refinance Loan From New York Life Insurance For 285-unit Complex

The property asset involved in this transaction is a multifamily complex located at 100 Buckingham Street in Matawan. It consists of 285 units spread across 47 acres, including 63 affordable units and various amenities. The transaction pertains to a refinancing loan amounting to $90,000,000, provided by New York Life Insurance Co.

Summary of transation details:

• Property Type: Multifamily
• Transaction Amount: $90,000,000
• Units: 285
• Acres: 47
• Lender: New York Life Insurance Co
• Landlord: Murray Kushner & Jonathan Kushner - The KRE Group
• Brokerage: Cushman & Wakefield
• Broker Representatives: Alan Blank, Gideon Gil, Zach Kraft & Dale Braverman
• Loan Type: Refinance

The deal saw KRE Group secure the financing to refinance Beacon Hill, a fully leased apartment complex in Marlboro, NJ. The refinancing arrangement was facilitated by a team from Cushman & Wakefield comprising Alan Blank, Gideon Gil, Zach Kraft, and Dale Braverman, highlighting the involvement of these key brokerage professionals in the transaction.