Finance & Capital Markets

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

JLL: Builder of Somerset apartments refinances for $12 million

A developer has secured a $12 million loan in connection with a new 61-unit apartment building in the Somerset section of Franklin, brokers with JLL announced Thursday.

Joint venture secures $30 million acquisition loan for Florham Park office building, JLL says

The recent buyers of a nearly 230,000-square-foot office building in Florham Park have landed $30 million in financing, according to brokers who arranged the transaction.

C&W: Owner of Meadowlands, Union industrial portfolio inks $66 million refi loan

An investment group has refinanced a six-building industrial portfolio in Bergen and Union counties for $66 million, in a newly completed transaction by Cushman & Wakefield.

PGIM inks $408 million senior loan facility for five-state, 4 million sq. ft. industrial deal

PGIM Real Estate has provided a $408 million senior loan facility for an institutional investor’s purchase of a five-state, 4 million-square-foot industrial portfolio.

Developer secures construction loan for 50-unit rental project in Orange

PEEK Properties has landed a nearly $10 million construction loan for a 50-unit multifamily project in Orange, the first piece of a three-phase development in the municipality.

Progress inks $16 million construction loan for Bronx project

The developer of a 53-unit, mixed-income residential project in the Bronx has secured a $16 million construction loan, in a transaction arranged by Progress Capital.

G.S. Wilcox touts $43 million in loans for North Jersey industrial buildings

The owners of three northern New Jersey warehouses have secured a combined $42.5 million in financing, in a series of newly announced transactions by G.S. Wilcox & Co.

CBRE: South Orange apartment building refinances for $14 million

The owner of a 66-unit apartment building in South Orange has refinanced for $14 million, brokers with CBRE announced Wednesday.

Apartment owner refinances for $140 million, extending affordable housing subsidy

The owner of a 688-unit apartment complex in West New York has closed on a $140 million loan that will allow it to operate the property as affordable housing for another four decades.

KRE Group, Russo secure $71 million loan for 345-unit rental project in Morris County

Kushner Real Estate Group and Russo Development have broken ground on 345 luxury apartments in Morris County, having secured a $71 million construction loan for the project.