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Kushner Companies Lands $100M Loan for NJ Mixed-Use Development
Madison Realty Capital and Unity Capital have provided an $85 million construction loan and a $15 million mezzanine loan, respectively, to Kushner Companies for a mixed-use project in Long Branch, New Jersey. The development, located at 144 Broadway Place, will feature 299 residential units and retail space. It is expected to be completed in the second quarter of 2026.
“Long Branch is a supply-constrained housing market with significant barriers to entry, and has experienced strong and growing demand for luxury residential and retail properties in recent years. With convenient access to commuter hubs, luxury retail options and the Atlantic Ocean, this property is poised to serve Long Branch’s need for high-quality multifamily developments.” said Josh Zegen, Managing Principal and Co-Founder of Madison Realty Capital.
The development will include residential units, retail space, and amenities such as a fitness center, yoga studio, and rooftop terraces.
- ◦Financing
