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
Ease Capital, AIRN close $32 million loan for 97-unit rental project in West New York

AIRN Management has landed $32 million in construction takeout financing for its new 97-unit multifamily property in West New York, according to the lender in the deal.

Finance & Capital Markets
Madison Realty, Taurasi ink $97 million construction loan for Hoboken condo project

A developer has snagged a $97 million construction loan for its plan to create 110 upscale, loft-style condominiums at what’s currently an industrial building in southwest Hoboken.

Finance & Capital Markets
Developer inks $5.4 million refi of new 19-unit Bayonne rental building, HKS says

The owner of a newly completed, 19-unit apartment building in Bayonne has refinanced the property for $5.4 million, in a deal arranged by HKS Real Estate Advisors.

Retail
ULI awards showcases the best in land use, redevelopment while highlighting ongoing challenges in New Jersey (SLIDESHOW)

Th Urban Land Institute’s Northern New Jersey chapter hosted its largest event of the year, honoring projects, professionals and companies in nearly 20 categories as recipients called for continued cooperation between developers and policymakers.

Finance & Capital Markets
Creation, J.P. Morgan land $64 million construction loan for 121,000 sq. ft. Newark warehouse project

A joint venture is set to begin construction on more than 120,000 square feet of new industrial space in Newark after securing a $64 million construction loan for the project.

Finance & Capital Markets
Kennedy Funding inks $2.7 million loan for mixed-use project near Tacoma, Washington

Kennedy Funding has closed a $2.7 million loan in connection with a mixed-use project that will bring nearly 600 new multifamily units to a suburb outside Tacoma, Washington.

Finance & Capital Markets
C&W: LEG inks $54 million construction loan for 204,000 sq. ft. Belleville industrial project

Lincoln Equities Group has landed nearly $54 million in financing to build more than 204,000 square feet of new industrial space in Belleville, brokers with Cushman & Wakefield said.

Finance & Capital Markets
Northwind, 601W close $65 million loan for Harborside 5 acquisition in Jersey City

The 601W Cos. has landed $65 million in financing for its acquisition of Jersey City’s nearly 1 million-square-foot Harborside 5 office tower.

Finance & Capital Markets
Cronheim sources $6 million loan for 74-unit Hackensack rental property

The owner of a 74-unit apartment building in Hackensack has closed on $6 million in long-term financing for the property, in a deal arranged by Cronheim Mortgage.

Finance & Capital Markets
PGIM inks $41 million loan for rehab of 321-unit Camden affordable housing tower

PGIM Real Estate has provided nearly $41 million in financing to a developer that plans to revitalize a 321-unit affordable housing property in Camden, the lender announced.