NY Life Provides Refi on Monmouth County Apartments

NY Life Provides Refi on Monmouth County Apartments
News| June 10, 2025| Paul Bubny
New York & Tri-State + Apartment Buildings

Cushman & Wakefield advised KRE Group in securing a $90-million fixed-rate loan for the refinancing of the Beacon Hill apartment community in Marlboro, NJ. The financing on the 285-unit complex was provided by New York Life. KRE Group opened the community in late 2024, and it has since reached 100% lease-up.

Alan Blank, Gideon Gil, Zach Kraft and Dale Braverman of Cushman & Wakefield’s Equity, Debt & Structured Finance group advised the borrower.

“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 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 St. in Marlboro, the property offers convenient access to Routes 79 and 34.

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