Finance & Capital Markets

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

Industrial
March Construction set to break ground on new 70,000 sq. ft. industrial building in Wayne

Construction is set to begin on nearly 70,000 square feet of new industrial space in Wayne, helping to repurpose a site that’s long housed a storage yard for trucks and other equipment.

Finance & Capital Markets
Northwind closes $70 million construction loan to 209-unit Journal Square rental project

A developer has landed a $70 million construction loan to complete a new 209-unit apartment tower in Jersey City’s resurgent Journal Square section.

Finance & Capital Markets
Reynolds secures $29 million bridge-to-perm loan for 103-unit Orange rental project

Reynolds Asset Management has landed a $28.5 million loan for its newly completed, 103-unit apartment building in Orange, in a deal arranged by JLL.

Finance & Capital Markets
Newark: Developers eye office-to-residential project with $22 million Northwind Group loan

A joint venture has secured $22 million in financing for its plan to expand a Newark office building and repurpose it as a new 10-story, 92-unit multifamily property.

Finance & Capital Markets
Kennedy Funding provides $5 million loan to owner of Long Island estate

Kennedy Funding has closed a $5 million loan to the owner of a residential estate on the North Shore of Long Island, the Englewood-based lender announced.

Finance & Capital Markets
Englewood-based Kennedy Funding lends $5.1 million for Maryland winery deal

Kennedy Funding has closed a $5.1 million loan in connection with the sale of a single-family home on a 437-acre winery property in northeast Maryland.

Finance & Capital Markets
JLL: Canoe Brook lands $150 million loan for 426-unit rental project at Port Imperial

Canoe Brook Development has secured a $150 million construction loan for a planned 426-unit luxury apartment building along the Hudson River waterfront in West New York.

Finance & Capital Markets
Prism lands $54 million refi for mixed-use redevelopment near Dunellen train station

Prism Capital Partners has secured nearly $54 million in fixed-rate financing for The Nell, a development that has brought new apartments, townhomes and retail space to Dunellen.

Finance & Capital Markets
Seagis lands $122 million loan for three-state, 1.1 million sq. ft. industrial portfolio, JLL says

Seagis Property Group LP has snagged $122 million in financing in connection with more than 1 million square feet of industrial space in New Jersey, New York and Florida.

Finance & Capital Markets
Starfield-led team lands $80 million construction loan for Asbury Park rental project, JLL says

A joint venture has snagged an $80 million construction loan for a project that will bring 226 luxury apartments and townhomes to Asbury Park’s waterfront redevelopment zone.