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3234 Liberty Avenue

Corebridge Real Estate Investors Secures $80 Million Refinance Loan From KKR For Brewers Block
FINANCEDMultiFamily

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:

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

Aaron Appel

Walker & Dunlop

Broker

$32.5B

vol

195 deals

Broker
KKR
KKRLender

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