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
Voorhees self-storage project lands $12.1 million construction loan, report says

The developer of a new self-storage facility in Voorhees reportedly has secured more than $12 million in construction financing for the project.

Finance & Capital Markets
Capital One closes $200 million debt package for 1,300-unit portfolio in New Jersey, New York

Capital One has provided $200 million in financing in connection with four apartment properties spanning more than 1,300 units in New Jersey and New York, the lender announced.

Finance & Capital Markets
W&D: PRC refinances new 162-unit Bayonne rental property for $36 million

The PRC Group has snagged $36 million in financing for a new 162-unit luxury apartment complex in Bayonne, in a deal arranged by Walker & Dunlop.

Finance & Capital Markets
JLL: Panepinto lands $193 million construction loan for 605-unit Journal Square tower

Panepinto Properties has secured a $193 million construction loan for a planned 605-unit luxury apartment tower in Jersey City’s booming Journal Square neighborhood.

Finance & Capital Markets
JLL inks $114 million construction loan for 815,000 sq. ft. Bucks County industrial project

A developer has landed a $114 million construction loan for more than 800,000 square feet of new industrial space in Pennsylvania’s Bucks County, less than 10 miles outside New Jersey.

Finance & Capital Markets
TD pledges $2 billion to affordable housing, lending programs alongside NJCA, HCDNNJ

TD Bank has pledged $2 billion toward affordable housing, affordable mortgage lending and other investments aimed at supporting lower-income communities in the state, under a partnership announced this week with two influential advocacy groups.

Finance & Capital Markets
Reynolds, Walker & Dunlop secure $6.7 million refi for new Bound Brook apartments

Reynolds Asset Management has refinanced a new 28-unit luxury apartment building in Bound Brook, securing a Fannie Mae loan for more than $6.7 million through Walker & Dunlop.

Finance & Capital Markets
Criterion Group, Columbia Pacific ink $132 million refi for outdoor storage portfolio

A joint venture has refinanced a nine-state, 22-property portfolio of industrial outdoor storage parcels for more than $132 million, in a newly announced deal by JLL.

Finance & Capital Markets
Slate, McCourt lend $59 million to complete 285-unit Jersey City rental tower

A joint venture has secured a $59 million bridge loan for the final stages of a 16-story, 285-unit multifamily development in Jersey City’s McGinley Square neighborhood.

Finance & Capital Markets
Slate Property Group closes $160 million bridge loan for 432-unit Journal Square rental tower

Namdar Group has landed a $160 million bridge loan for its newly completed, 432-unit apartment tower in Jersey City’s burgeoning Journal Square section.