Blackstone 360 Secures $60 Million Refinance Loan From SteepRock Capital For Multifamily Asset

The property asset involved is a multifamily unit comprising 213 units located at 258 South Harrison Street, in the East Orange market. The transaction involves a refinance loan amounting to $60,000,000, facilitated by SteepRock Capital for the landlord Blackstone 360.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $60,000,000
• Loan Type: Refinance
• Lender: SteepRock Capital
• Landlord: Blackstone 360
• Broker: Matthew Pizzolato, Jason Gaccione, Shawn Rosenthal, Josh Stein & Jake Salkovitz - CBRE

The deal has several key individuals associated with it, including broker representatives from CBRE, namely Matthew Pizzolato, Jason Gaccione, Shawn Rosenthal, Josh Stein, and Jake Salkovitz, who played significant roles in securing the refinance arrangement for the property.