Finance & Capital Markets

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

JLL: Joint venture inks $54 million loan for newly acquired Montclair apartments

The recent buyers of a 163-unit multifamily property in Montclair have landed a $54 million acquisition loan for the property, according to a debt placement team with JLL.

C&W: Developers ink $235 million permanent loan for Linden logistics campus

Advance Realty Investors and Greek Development have secured $235 million in permanent financing for the first phase of a massive logistics campus under construction in Linden.

Developer secures $17.7 million construction loan for 104-unit Plainfield rental project

A development team has landed a nearly $18 million construction loan for a planned 104-unit apartment building in Plainfield, in a deal arranged by Progress Capital.

Progress: Buyer inks $44 million loan for 175-unit multifamily deal in Bergen, Essex

A multifamily buyer has landed more than $44 million in financing for its purchase of a combined 175 units in Bergen and Essex counties, according to Progress Capital.

JLL: Nutley, Palisades Park apartment owner lands $46 million financing package

The owner of two garden apartment complexes in Essex and Bergen counties has secured nearly $46 million in financing, in a set of newly announced transactions by JLL.

Northmarq: Edgewater Park apartment owner refis for $17 million

The owner of a 296-unit apartment complex in Burlington County has refinanced the property for $16.9 million, under a deal arranged by Northmarq’s New Jersey office.

C&W: Birch Group lands $31 million acquisition loan for Parsippany office building

The Birch Group has secured more than $31 million in financing for its purchase of a nearly 266,000-square-foot office building in Parsippany, in a deal arranged by Cushman & Wakefield.

Spencer Savings Bank seals merger with Mariner’s, adding six branches in North Jersey

Spencer Savings Bank SLA has completed its merger with Edgewater-based Mariner’s Bank in an all-cash transaction.

C&W: Owner of 730,000 sq. ft. Novo Nordisk campus in Plainsboro refis for $211 million

An asset manager has secured more than $210 million to refinance a nine-building, 58-acre campus in Plainsboro that serves as Novo Nordisk’s North American headquarters.

JLL, Progress Capital source $114 million loan for Newark office, parking portfolio

A joint venture has landed a nearly $114 million loan to purchase and reposition two office buildings and a parking garage in downtown Newark, according to a debt advisory team.