Finance & Capital Markets

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

GreenLake Funds $23 million hotel redevelopment loan in Wildwood Crest

The owner of a 108-room hotel in Wildwood Crest has landed nearly $23 million in financing for a sweeping renovation of the oceanfront property.

Progress Capital sources $23 million loan for 1,000-unit self-storage project

A developer has landed a $23 million construction loan for a planned 1,000-unit self-storage facility in Branchburg, in a deal arranged by Progress Capital.

Unity Bank taps Peene as senior vice president, chief depository officer

A banking industry veteran has joined Unity Bank as its senior vice president and chief depository officer, the Clinton-based lender announced.

Hampshire, Invesco score construction loan for 112,000 sq. ft. Meadowlands industrial project

A joint venture has closed on a construction loan for a development that will bring more than 110,000 of new logistics space to North Arlington, brokers with JLL announced Monday.

Birch Group partnership inks $328 million debt, equity package for 101 Hudson purchase

The buyers of 101 Hudson St. in Jersey City have secured $328 million in debt and equity financing for the 42-story, 1.35 million-square-foot office tower.

Navigating a challenging market with Meridian’s Russ Drebin

Up until the last few months, this year was great. Rates were relatively low, and I was proactively advising clients to take advantage of the market while it was tame. However, since the market has taken a turn, it has been even more important to advise clients in a way that is transparent and focused on their specific goals. Knowing your client and knowing what their goals are will allow you to help them during a time when the market is great, and conversely at times when the market is not so great.

Cronheim sources permanent loan for 104-unit Vineland apartment property

Cronheim Mortgage has secured $4.1 million in permanent financing for a 104-unit garden-style apartment community in Vineland, the Chatham-based firm announced.

Bridge Industrial inks $33 million construction loan for East Hanover project, JLL says

Bridge Industrial has obtained a $33 million construction loan for a project that will bring more than 300,000 square feet of new warehouse space to Morris County.

LCD Commercial sources $3.6 million loan for 33-unit Paterson housing portfolio

The owner of a 33-unit housing portfolio in Paterson has secured more than $3.6 million in financing for the properties, according to Totowa-based LCD Commercial Lending.

C&W: Camber secures $89 million refi for South Jersey, Bucks County industrial portfolio

Camber Real Estate Partners has refinanced a 25-building, 1.2-million-square-foot light industrial portfolio in southern New Jersey and Pennsylvania for more than $89 million.