Updated Feb 22, 2026
Blackstone 360 Secures $60 Million Refinance Loan From SteepRock Capital For Multifamily Asset
258 South Harrison Street
$60,000,000
Units
213
Asset Type
MultiFamily
Closing
Jan 14, 2026
About this deal
AI
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.
On the Map
$60,000,000
MultiFamily
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Players
East Orange MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93