Keystone Equities Acquires $41 Million Portfolio Of Performing Loans From Cross River Bank

The transaction involves a portfolio of performing loans acquired by Keystone Equities from Cross River Bank. The sale is part of Cross River Bank's strategic approach to syndicating its commercial real estate portfolio. The loans are secured by a diverse range of assets, and the acquisition is valued at $41,025,000.

Summary of transaction details:

• Property Type: Mixed-use & Multifamily
• Transaction Amount: $41,025,000
• Buyer: Keystone Equities
• Seller: Shimon Eisikowicz & Bhavik Khatri - Cross River Bank
• Date of Transaction: 12/13/2024
• Market: Miami, NY & NJ

This transaction underscores Keystone Equities' ongoing commitment to deploying capital across the capital stack, particularly focusing on acquiring and originating debt while pursuing selective equity opportunities. This acquisition follows a prior $217 million portfolio acquisition from Cross River Bank, further enhancing Keystone Equities' position in the private credit and equity investment sector. Cross River Bank is aiming to develop its distribution network to provide the market with high-quality commercial real estate loans.