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
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.

Finance & Capital Markets
Cronheim: Owner of East Windsor, Garwood shopping centers lands $17.5 million in financing

The owner of two shopping centers in Mercer and Union counties has secured $17.5 million in financing for the grocery-anchored properties, brokers with Cronheim Mortgage announced.

Finance & Capital Markets
Kennedy Funding inks $2.75 million land loan for 420-unit Kansas City rental project

Kennedy Funding has closed a $2.75 million land loan for a 420-unit multifamily project in Kansas City, Missouri, the Englewood-based firm announced Wednesday.

Finance & Capital Markets
IDB Bank, TAY Investments close $31 million bridge loan for 155-unit Newark rental property

IDB Bank has closed a $31 million bridge loan for a newly completed, 155-unit apartment building in Newark’s Central Ward.

Events
National Private Lenders Association Conference heading to Miami Beach in early March

The largest private lending conference in the country is coming to South Florida in less than three weeks.

Finance & Capital Markets
Vision, Birch Group refi 228,000 sq. ft. Florham Park office building

Vision Properties and The Birch Group have closed on a long-term refinance of a 228,000-square-foot office building in Florham Park, brokers with Cushman & Wakefield announced.

Retail
JLL: Investor buys 70,000 sq. ft. grocery-anchored shopping center in Marlboro for $16 million

First Montgomery Group has sold a grocery-anchored shopping center in Monmouth County for $15.9 million, brokers with JLL announced this week.