An affiliate of Kushner Cos. has secured $100 million in financing for the development of a 299-unit mixed-use multifamily and retail project located at 144 Broadway Place in Long Branch, NJ.

Madison Realty Capital and Unity Capital have provided an $85 million construction loan and a $15 million mezzanine loan, respectively, to the affiliate.

Construction of the property is expected to be completed in the second quarter of 2026.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
New Jersey
Multifamily
Northeast