Finance & Capital Markets

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

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.

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.

PGIM lends $103 million for Pennsauken industrial portfolio deal

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.

National Private Lenders Association unveils first-ever glossary for fast-growing industry

The National Private Lenders Association has released an industry-first glossary aimed at standardizing terms and definitions across the rapidly changing industry.

JLL: Kaplan snags $47 million loan from Nuveen for new senior housing in North Brunswick

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.

From the publisher: Homework for you to do on our economy

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.

Northmarq sources $13 million loan for 49-unit North Arlington apartment building

The owner of a two-year-old, 49-unit apartment building in North Arlington has closed on $13 million in financing for the asset, in a newly announced deal by Northmarq.

JLL sources $17.5 million loan to refi 218,000 sq. ft. White Plains office campus

The owner of two office buildings in New York’s Westchester County has refinanced the assets for $17.5 million, in a deal arranged by JLL’s Morristown-based capital markets team.

Kennedy Funding lends $1 million for single-family housing development in Delaware

Kennedy Funding has closed a $1 million bridge loan for a single-family residential development in southern Delaware, the Englewood Cliffs-based firm announced Monday.

JLL: Continental snags $50 million construction loan for 169-unit Livingston rental project

Continental Properties has landed a nearly $50 million construction loan for a planned 169-unit upscale apartment property in Livingston, in a newly announced deal by JLL.