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
JLL: Developer of 42-unit Journal Square building snags $13 million construction loan

A new 42-unit apartment building is coming to Jersey City’s Journal Square with the help of a $13.1 million construction loan, according to a debt placement team with JLL.

Finance & Capital Markets
LEG scores $61 million construction loan for 420,000 sq. ft. Hamilton industrial project

Lincoln Equities Group has landed nearly $61 million in financing to build more than 420,000 square feet of new industrial space in Hamilton, brokers with Cushman & Wakefield said.

Finance & Capital Markets
STRO, Truist close $25 million loan to refi 353,000 sq. ft. Wayne industrial building

The STRO Cos. has closed on a $25 million loan to refinance a fully leased, 353,000-square-foot industrial building in Wayne that it has owned for more than 30 years.

Finance & Capital Markets
Kennedy Funding closes $2.7 million land loan for 82-unit Nashville residential project

Kennedy Funding has provided a $2.7 million land loan to the developer of a planned 82-unit residential community in Tennessee, the Englewood-based direct private lender announced.

Finance & Capital Markets
Elberon lands $11 million loan for 223,000 sq. ft. Elizabeth warehouse, Wilcox says

Elberon Development Group has closed on $11 million in financing for a 223,000-square-foot warehouse in Elizabeth, in a deal arranged by G.S. Wilcox & Co.

Finance & Capital Markets
Colony Hills, Balfour Beatty buy 296-unit Mount Laurel rental complex for $80 million

A joint venture has acquired a 14-building, 296-unit apartment complex in Mount Laurel for $79 million, according to brokers involved in the deal and a related financing transaction.

Finance & Capital Markets
Reynolds refis Princeton Pike Office Park for $16 million, as redevelopment plan advances

A partnership led by Reynolds Asset Management has secured a $16 million loan to refinance the Princeton Pike Office Park in Lawrence Township, where it’s planning a major redevelopment that will bring new housing, retail space and other amenities to the site.

Finance & Capital Markets
JLL: Petrucci lands JV equity, Provident construction loan for Bucks County warehouse project

J.G. Petrucci Co. Inc. has secured joint venture equity and construction financing for a 330,000-square-foot industrial project in Pennsylvania’s Bucks County, brokers with JLL announced.

Finance & Capital Markets
Developer lands $47 million CMBS loan for new 140-unit rental property in Paramus

The developer of a new 140-unit apartment complex in Paramus has closed on nearly $47 million in financing, in a deal arranged by HKS Real Estate Advisors.

Finance & Capital Markets
PEEK, Circle Squared land $21 million financing deal for 102-unit Orange rental project

PEEK Properties and Circle Squared Alternative Investments have snagged $20.5 million in financing for a planned 102-unit multifamily development in Orange, the firms announced.