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

Property Image
FINANCED
$60,000,000
Shawn Rosenthal
Jake Salkovitz
+ 2

New Jersey

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MultiFamily
Financed 01/14/2026
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Property Image
FINANCED

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

258 South Harrison Street

See Similar Deals
MultiFamily
Financed 01/14/2026
Shawn Rosenthal
Jake Salkovitz
+ 2
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Summary

NEW JERSEY
Asset Type:MultiFamily
Transaction Type:Loan

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:

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.

Players

Matthew Pizzolato
34 deals$1.4B volume(908) 720-0342
BROKER

Josh Stein
CBRE
13 deals$1.2B volume
BROKER

Shawn Rosenthal
CBRE
16 deals$2B volume
BROKER

Jake Salkovitz
CBRE
12 deals$1.6B volume
BROKER

Jason Gaccione
CBRE
16 deals$1.9B volume
BROKER

SteepRock Capital
LENDER

Details

FINANCED
IMAGE: Matthew Pizzolato, Jason Gaccione, Shawn Rosenthal, Josh Stein & Jake Salkovitz DATE: 01/14/2026 ADDRESS: 258 South Harrison Street MARKET: East Orange ASSET TYPE: Multifamily ~ UNITS: 213 LENDER: SteepRock Capital LANDLORD: Blackstone 360 BROKER: Matthew Pizzolato, Jason Gaccione, Shawn Rosenthal, Josh Stein & Jake Salkovitz - CBRE (@CBRE) LOAN AMOUNT: $60,000,000 LOAN TYPE: Refinance

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$60,000,000.00

Monthly NOI$400,000.00
Monthly Debt Service$379,240.81
Change in Cash Flow$0.00
Refinance Proceeds$0.00