CBRE secures $36M refi for two residential properties on N.J.’s Gold Coast

CBRE announced Tuesday it has secured $36 million in loans for two multifamily properties in Hoboken.

The buildings, located at 1017 and 332 Jefferson St., contain a total of 131 one- to three-bedroom units.

Aegon USA Realty Advisors LLC provided the financing terms and fixed-interest rate, CBRE said.

Jim Gunning, Donna Falzarano and Kyle Saviano of CBRE secured the loans on behalf of the property’s ownership.

“This was the first loan closed between borrower and Aegon. The highly desirable location of the real estate and the professional in-house management and leasing teams were only a few of the favorable factors that created a competitive bid process, resulting in excellent terms for the borrower,” Falzarano, vice president of CBRE’s Debt & Structured Finance, said.