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
Wilcox: Lakhani, Saxum ink $19.2 million refi of Pennsylvania warehouse portfolio

A joint venture has secured $19.15 million to refinance some 221,000 square feet of industrial space in northeast Pennsylvania, according to a debt placement team with G.S. Wilcox & Co.

Finance & Capital Markets
Owner of Motel 6, restaurant property in Mercer County lands new financing, Cronheim says

The owner of a Motel 6 property in Lawrence Township has secured new financing for the asset, in a transaction arranged by Cronheim Hotel Capital.

Finance & Capital Markets
Developer of mixed-use project outside Orlando inks $4 million loan with Kennedy Funding

Kennedy Funding has closed nearly $4 million in financing to the would-be developer of a mixed-use project outside Orlando.

Finance & Capital Markets
Developer lands $29 million in preferred equity for 568-unit rental portfolio in Bound Brook, Hackensack

The owner of a 568-unit apartment portfolio in Bound Brook and Hackensack has recapitalized the properties for $29 million, according to an advisory team with Berkadia.

Finance & Capital Markets
CRG inks $9 million financing deal for 161,000 sq. ft. Mount Olive warehouse, JLL says

Commercial Realty Group has closed on $9 million in permanent financing for a nearly 161,000-square-foot warehouse in the Flanders section of Mount Olive, in a deal arranged by JLL.

Finance & Capital Markets
Cronheim: Clifton’s Styertowne Shopping Center refis for $20 million, with updates underway

The owner of the historic Styertowne Shopping Center in Clifton has refinanced the grocery-anchored property for $20 million, brokers with Cronheim Mortgage said last week.

Finance & Capital Markets
JLL: Namdar eyes 588-unit Journal Square tower with $152 million financing deal

Namdar Group has snagged $152 million in construction financing for a project that will bring nearly 600 new apartments to Jersey City’s booming Journal Square neighborhood.

Finance & Capital Markets
PGIM details $64 million acquisition loan to Longpoint for Totowa industrial portfolio

Longpoint Partners LP has secured nearly $64 million in financing for its purchase of more than 448,000 square feet of shallow-bay industrial space in Totowa.

Finance & Capital Markets
JLL: Tulfra lands $44 million, five-year loan for new 160-unit rental property in Rochelle Park

Tulfra Real Estate has secured $44 million in financing for its newly built, 160-unit luxury apartment building in Rochelle Park, brokers with JLL announced Thursday.

Finance & Capital Markets
Spencer closes loans for Bridgewater medical office building, Newark housing project

The owner of a medical office building in Bridgewater has secured nearly $8 million in permanent financing, in one of two recent closings by Spencer Savings Bank.