Finance & Capital Markets

With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.

Finance & Capital Markets
Kennedy Funding closes $4.2 million land loan to major flower distributor in Ecuador

Kennedy Funding has expanded to Ecuador with a newly closed, $4.15 million land loan to a family-owned flower distributor just south of the country’s capital.

Events
Monmouth’s Kislak Institute to honor Onyx Equities, Wilcox at annual awards dinner

Hundreds of commercial real estate leaders will descend on Monmouth University next week as the school’s Kislak Real Estate Institute honors Onyx Equities and Gretchen Wilcox, the pioneering mortgage banker and founder of G.S. Wilcox & Co.

Finance & Capital Markets
JLL: LPC, Ullico ink $17 million financing deal for 139,000 sq. ft. Hamilton industrial building

A joint venture has secured $16.8 million in acquisition and bridge financing for a nearly 139,000-square-foot industrial building in Hamilton, in a deal arranged by JLL.

Finance & Capital Markets
TAY Investments refis new 110-unit rental project in Jersey City for $36 million

TAY Investments has snagged a nearly $36 million loan to refinance a recently opened, 110-unit apartment property in Jersey City, according to a debt placement team with Berkadia.

Finance & Capital Markets
STRO refis 115,000 sq. ft. Wyckoff industrial building for $14.5 million, JLL says

The STRO Cos. has closed on a $14.5 million loan to refinance more than 115,000 square feet of industrial space in Wyckoff, brokers with JLL announced Monday.

Finance & Capital Markets
Kennedy Funding inks $1.7 million land loan to support 69-unit townhome project near Dallas

Kennedy Funding has closed on a $1.66 million land loan to a developer seeking to build 69 townhomes outside Dallas, the Englewood-based firm announced last week.

Finance & Capital Markets
Lightstone, Friber Group close on $24 million loan for 91-unit East Orange rental project

Lightstone Capital has provided a $24 million loan to the developer of a newly built, 91-unit apartment building in East Orange.

Finance & Capital Markets
NRDC snags $31 million loan for 358,000 sq. ft. Burlington retail center, Cronheim says

The owner of a 358,000-square-foot, Walmart-anchored shopping center in Burlington has closed on $31 million in financing for the property, in a deal arranged by Cronheim Mortgage.

Finance & Capital Markets
Hekemian Group inks financing package for 465-unit Jersey City rental project, JLL says

The Hekemian Group has secured financing from multiple lenders for a planned 465-unit luxury apartment property in Jersey City, brokers with JLL announced Tuesday.

Finance & Capital Markets
G.S. Wilcox closes $25 million loan for 296-unit Charlotte rental property

G.S. Wilcox & Co. has arranged nearly $25.3 million in financing for a 296-unit multifamily property in North Carolina, the Morristown-based mortgage banker announced recently.