Greater Trenton, the capital city’s nonprofit economic development arm, has tapped Investors Bank CEO and President Kevin Cummings as its new board chairman.
Finance & Capital Markets
With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.
Jersey City: NYL inks $138 million loan for 45-story rental tower
A development team has landed financing for the second of two 45-story apartment towers in Jersey City, securing a $138 million loan from New York Life Real Estate Investors.
Jersey City developer lands $120 million in debt, equity for 631-unit project, Progress Capital says
The developer of a 631-unit apartment building in Jersey City has secured $84 million in construction financing and $36 million in equity, Progress Capital announced Friday.
JLL inks $20.5 million loan for Opportunity Zone acquisition in Jersey City
A fund operated by Columbia Property Trust has secured more than $20 million in financing to acquire a newly completed, 93-unit apartment building in Jersey City.
Rental properties in Essex, Camden extend Section 8 contracts with $51 million refi
The owner of two federally subsidized housing properties has closed on more than $50 million in financing, under a pair of transactions by Rockport Mortgage Corp.
NorthMarq sources $900,000 loan for East Rutherford post office building
The owner of a nearly 4,000-square-foot retail property in East Rutherford has closed on $900,000 in financing, in a newly completed transaction by NorthMarq.
JLL sources $16.8 million construction loan for Mercer County industrial project
The developers of a 340,000-square-foot industrial building in Mercer County have secured nearly $17 million in construction financing, under a newly announced transaction by JLL.
JLL inks $31 million bridge loan for Parsippany office buyer
The recent buyer of a Parsippany office building has secured more than $30 million in bridge financing, under a newly announced transaction by JLL.
Kennedy Funding closes $3 million loan for Belize resort development
Kennedy Funding has added to its international lending portfolio with the closing of a $3 million loan for a waterfront residential development in Belize.
JLL inks financing for 11-building portfolio in Raritan Center
Summit Associates has secured financing for an 11-building industrial portfolio in the Raritan Center business park in Edison, under a newly announced transaction by JLL.
