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New York & Tri-State  + New Jersey  + Finance  |  June 10, 2025
Paul Bubny
By: Paul Bubny

NY Life Provides Refi on Monmouth County Apartments

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.

Read More News Stories About: Cushman & Wakefield
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Cushman & Wakefield's Blank

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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