**NY Life Provides $90M Refinance for Monmouth County Apartments**
Cushman & Wakefield has arranged a $90 million fixed-rate loan on behalf of KRE Group for the refinancing of Beacon Hill, a newly developed luxury apartment community in Marlboro, New Jersey. The financing for the 285-unit property was provided by New York Life.
Beacon Hill, which officially opened in late 2024, has already achieved 100% lease-up, underscoring the strong demand in the local rental market.
The Cushman & Wakefield team advising KRE Group included Alan Blank, Gideon Gil, Zach Kraft, and Dale Braverman from the firm’s Equity, Debt & Structured Finance group.
“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.”
Located at 100 Buckingham Street, the community offers residents convenient access to major thoroughfares, including Routes 79 and 34.
