**CBRE Secures $96M Refinancing for Hackensack Luxury Residential Complex**
CBRE has arranged $96 million in refinancing for Prospect Place, a premier 360-unit luxury residential development located at 300-310 Prospect Avenue in Hackensack, New Jersey. The financing was secured via a Freddie Mac loan.
The CBRE Capital Markets team—composed of Judah Hammer, Jason Gaccione, Shawn Rosenthal, Jake Salkovitz, and Lauren Weinstein—represented the borrower, Khosla Capital, a prominent owner and operator of multifamily properties across the Tri-State area.
“The Khosla team acquired the asset in 2021 and invested significant capital to refresh the community,” said Gaccione. “The reimagined resident experience is central to their business and is a key reason for the project’s ongoing success.”
Prospect Place features an 18-story high-rise with 157 units and a five-story midrise building containing 203 apartments. Strategically situated next to Hackensack University Medical Center, the property also offers convenient access to Fairleigh Dickinson University and major retail destinations such as The Shops at Riverside and Bergen Town Center.
