Keystone Equities acquires portfolio of performing loans from Cross River Bank for $217m

Keystone Equities, a real estate private equity and private credit platform, has acquired a $217 million portfolio of performing loans from Cross River Bank, a New Jersey state-chartered FDIC-insured bank and Equal Housing Lender known for its Commercial Banking Group (CBG) and real estate lending platform.

The loans are secured by assets located throughout New York City, further strengthening Keystone’s presence in the region. This transaction follows a series of recent strategic investments by Keystone, including a $53.5 million loan at 699 Columbia Street in Brooklyn, N.Y., and a $60 million acquisition of a non-performing loan in Stamford, Conn.

“This portfolio of high-quality, performing loans, originated by Cross River, aligns nicely with our investment strategy,” said Jonathan Zamir, CEO of Keystone Equities. “Through our recent programmatic partnership with a major institutional group, we are poised to deploy meaningful dollars across the entire capital