PEEK Properties Secures $29.5 Million Bridge Loan From Lightstone Capital For 102-Unit Multifamily In Orange NJ

The property involved is The Lincoln, a newly completed multifamily building consisting of 102 units located at 407 Highland Avenue in Orange, New Jersey. This five-story asset received its final certificate of occupancy in September 2026, positioning it for leasing and stabilization within the market. A bridge loan was secured to refinance its previous construction loan.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $29,500,000
• Lender: Eugene Rozovsky - Lightstone Capital
• Landlord: Phil Evanski - PEEK Properties
• Broker: Daniel Cohen - Ackman-Ziff Real Estate Group
• Loan Type: Bridge
• Units: 102
• Address: 407 Highland Avenue
• Market: Orange, NJ

In this transaction, PEEK Capital played a pivotal role by securing the financing necessary for the project. The involvement of Eugene Rozovsky from Lightstone Capital as the lender highlights the collaboration between the financing entity and PEEK Properties, represented by Phil Evanski, in facilitating the development of this multifamily residence. Additionally, the transaction was brokering through Daniel Cohen of Ackman-Ziff Real Estate Group, emphasizing the expertise involved in this deal.