Cross River Bank Sells $217M New York Loan Portfolio to Keystone Equities

Keystone Equities is adding to its growing portfolio of New York-area properties.The New York-based real estate private equity firm has acquired a $217 million portfolio of performing loans originated by Cross River Bank, a New Jersey-based regional bank that specializes in commercial real estate lending, Commercial Observer has learned.

The portfolio is made up of “a diversified pool of high-quality multifamily, mixed-use and office assets,” according to a representative from Cross River Bank. All assets in the portfolio are in New York City.

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