SKG Capital, a vertically integrated multifamily investment firm, has successfully finalized two agency refinancing transactions totaling more than $9 million, strengthening the long-term capital position of its East Orange portfolio.
The refinancing efforts focus on two key transit-oriented properties: 110 Halsted Street and 209 William Street. By replacing existing debt with new, larger agency loan facilities tailored to the properties’ operating profiles, the firm has secured long-term financial stability for both assets while supporting continued performance and flexibility.
The successful closings arrive at a time when multifamily owners across the region are navigating a higher-interest-rate environment. By securing agency financing—a reliable source of debt for high-occupancy, high-performing assets—SKG Capital has effectively accessed equity created at the asset level while positioning the firm for future investment opportunities.
“We’re pleased with the outcome of both transactions,” Sanjay Garg, founder and managing principal of SKG Capital said. “These properties have performed well, and the new financing gives us additional flexibility while ensuring long-term stability for the assets. East Orange continues to be an important market for us, and we remain focused on creating value through active management, disciplined execution, and thoughtful capital allocation.”
Industry analysts note that East Orange remains a primary target for investors looking for stability outside of New York City. The city’s combination of relative affordability and direct NJ Transit access to Manhattan has cemented its role as a vital component of the Greater New York housing ecosystem.
