**NY Life Provides $90M Refinance for Beacon Hill Apartments in Marlboro, NJ**
Cushman & Wakefield has successfully advised the KRE Group in securing a $90 million fixed-rate loan to refinance the Beacon Hill apartment community in Marlboro, New Jersey. The financing was provided by New York Life and supports the 285-unit complex, which reached full occupancy since opening in late 2024.
The refinancing was arranged by Cushman & Wakefield’s Equity, Debt & Structured Finance team, including Alan Blank, Gideon Gil, Zach Kraft, and Dale Braverman.
“The financing of Beacon Hill marks a major milestone for the KRE Group and is a clear vote of confidence in both the asset and KRE’s broader development strategy,” said Alan Blank. “Beacon Hill’s remarkable pace of leasing since day one speaks to the demand for high-quality, luxury rental communities in well-located suburban markets like Marlboro and Monmouth County more broadly.”
Beacon Hill is located at 100 Buckingham Street in Marlboro, offering residents convenient access to Routes 79 and 34. The community reflects continued strong demand for premium residential developments in suburban New Jersey.
