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
BEB Lending closes $5 million acquisition loan for Kearny industrial property

A tenant at an 87,000-square-foot industrial building in Kearny has acquired the property with the help of $5 million in financing from BEB Lending, a finance platform of BEB Capital.

Finance & Capital Markets
G.S. Wilcox inks $15 million loan for 350,000 sq. ft. Fairfield flex campus

The owner of a 350,000-square-foot flex campus in Fairfield has closed on $15 million in financing for the property, in a deal arranged by G.S. Wilcox & Co.

People
JLL’s Quinn promoted to director with New Jersey debt advisory team

A member of JLL’s debt advisory team in New Jersey is now a director after a recent promotion, one of several moves by the Morristown-based capital markets group.

Finance & Capital Markets
JLL inks $19.6 million acquisition loan for Penwood industrial deal in Carlstadt

An affiliate of Penwood Real Estate Investment Management LLC has secured acquisition financing for a nearly 110,000-square-foot Meadowlands industrial building.

Finance & Capital Markets
Saxum lands $78 million construction loan for Philly rental project, in JLL-brokered deal

Saxum Real Estate has closed on nearly $78 million in financing for the first piece of what will be 466 new luxury apartments in Philadelphia’s growing Northern Liberties neighborhood.

Finance & Capital Markets
Park Stone, Fields Grade ink $37 million refi of new 99-unit Journal Square rental building

The developers of a new 99-unit luxury apartment building in Jersey City’s fast-growing Journal Square neighborhood have refinanced the property for $37 million.

People
Spencer promotes 30-year company veteran to senior vice president, home finance director

Spencer Savings Bank has announced the promotion of a lending executive with some three decades with the company and five decades in the industry.

Finance & Capital Markets
Procida’s 100 Mile Fund achieves 2022 net income of $11.6 million, 9.5 percent return

The long-running 100 Mile Fund managed by Procida Funding LLC achieved net income in 2022 of $11.6 million, the firm announced, representing a net return to investors of 9.5 percent.

Finance & Capital Markets
JLL: Levin Properties refis ShopRite-anchored center in Woodbridge for $43 million

The owner of a ShopRite-anchored retail center in Woodbridge has refinanced the property for more than $43 million, according to a debt placement team with JLL.

Finance & Capital Markets
Kennedy Funding closes $3.7 million land loan to developer in Peru’s eighth-largest city

Kennedy Funding has closed a land loan that will help a developer advance a mixed-use project in northwestern Peru, the Englewood-based direct private lender announced.