Corebridge Real Estate Investors Secures $80 Million Refinance Loan From KKR For Brewers Block
3234 Liberty Avenue
$80,000,000
Building Size
—
Asset Type
MultiFamily
Closing
May 7, 2026
AI
The property asset involved in the transaction is Brewers Block, located at 3234 Liberty Avenue in Pittsburgh, PA. This multifamily asset comprises 377 units and is part of the local real estate market. The secured refinance loan amount is $80,000,000, which aligns with the current financial strategy of the landlord.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $80,000,000
- Address: 3234 Liberty Avenue
- Market: Pittsburgh, PA
- Units: 377
- Lender: KKR
- Landlord: Corebridge Real Estate Investors
- Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno & Jason Schwartzberg - Walker & Dunlop
- Loan Type: Refinance
The key individuals and companies involved in this transaction include KKR, serving as the lender, and Corebridge Real Estate Investors as the landlord. The brokers representing the transaction are Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Michael Ianno, and Jason Schwartzberg from Walker & Dunlop, facilitating the refinancing process.
Players
Pittsburgh 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93