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.
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.
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.
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.
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.
PGIM Real Estate has provided $103 million in fixed-rate financing to the buyer of more than 1 million square feet of industrial space in Pennsauken.
The National Private Lenders Association has released an industry-first glossary aimed at standardizing terms and definitions across the rapidly changing industry.
The Kaplan Cos. has landed $47 million in financing for a 222-unit active adult community in North Brunswick that the firm unveiled just over a year ago, in a deal arranged by JLL.
Below is a link to an article by David Berson, Ph.D., of Cumberland Advisors regarding the country’s current economic status and an analysis of whether we will fall into a recession. In my opinion, it is exceptionally well written and accurate. More importantly, Berson does not fall into the usual trap that most commentators are susceptible to of only presenting data that substantiates their position. He covers the field and presents both sides of the argument without really sticking his flag in either mound.