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Access here alternative investment news about Pgim Real Estate Finance Backs Jonathan Rose With $102M Acquisition Loan | News | Ipe Ra
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Pgim Real Estate Finance Backs Jonathan Rose With $102M Acquisition Loan | News | Ipe Ra

by realassets.ipe.com posted 4months ago 35 views
The 10-year, fixed-rate loan will be used to acquire Shore Hill and complete repairs. : PGIM’s commercial mortgage business has provided a $102m (€90.2m) loan to Jonathan Rose Companies to help the company’s acquisition of a US affordable and elderly housing property. Last month, Jonathan Rose Companies, The NHP Foundation and Nuveen acquired Shore Hill Housing for around $150m from NYU Langone. The property consists of two 14-story buildings with 558 total units. PGIM Real Estate Finance said it has provided the Freddie Mac acquisition loan for Shore Hill Housing in the Bay Ridge neighbourhood of Brooklyn.

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