Lightstone Capital Provides $29.5M Loan for Orange, N.J., Multifamily Development
Thursday, October 29, 2026 · first reported by Commercial Observer
Lightstone Capital, the real estate debt platform of Lightstone Group, has provided a $29.5 million bridge loan to PEEK Capital, a division of PEEK Properties, on the Lincoln, a 102-unit multifamily building at 407 Highland Avenue in Orange, N.J. Ackman-Ziff's Daniel Cohen advised on the deal.
Proceeds will fund lease-up and stabilization and refinance the building's construction financing. Peek took a $20.5 million loan from Amboy Bank for the project in 2024, per Real Estate NJ. The five-story building received its final certificate of occupancy in September and has started leasing one- and two-bedroom units.
- Also named
- PEEK Capital
- People
- Eugene Rozovsky
- Asset class
- Real estate, Credit
- Geography
- North America
The summary and fields above are extracted from the published reports and can contain errors. The linked articles are the source of record.
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