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
Provident, Lakeland to merge in $1.3 billion deal that will fortify CRE lending platforms

Provident Bank and Lakeland Bank are joining forces under a $1.3 billion merger announced Tuesday, bringing together two key lenders in the state’s commercial real estate sector.

Finance & Capital Markets
IDB Bank names new senior vice president for tristate real estate lending platform

IDB Bank has announced a new senior vice president and head of New York commercial real estate lending for the company’s tristate area platform.

Finance & Capital Markets
Northmarq inks $9 million refi of 54-unit Hackensack rental building

The owner of a 54-unit apartment building in Hackensack has secured $9 million to refinance the property, in a transaction arranged by Northmarq.

Finance & Capital Markets
JLL: Developer of new 30-unit apartment building in Norwood refis for $10 million

JLL has arranged $10 million in refinancing for a recently completed, 30-unit apartment building in the Bergen County borough of Norwood.

Finance & Capital Markets
JLL sources loans to refi two-building, 51,000 sq. ft. light industrial portfolio in Tinton Falls

JLL has arranged a refinancing for two Monmouth County light industrial buildings totaling 50,923 square feet.

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Valley Bank donates $15,000 to Spring Lake Toys Foundation

The Spring Lake Toys Foundation, a nonprofit that supports families of children with rare illnesses, is celebrating a new $15,000 donation from Valley Bank.

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Spencer Savings Bank continues service, financial support to Habitat for Humanity

Spencer Savings Bank has continued its partnership with Habitat for Humanity with two recent projects in the region and a donation to the organization’s Bergen County affiliate.

Finance & Capital Markets
Investor lands $26 million acquisition loan for 1,250-space Hoboken parking deck

The buyer of a 1,250-space parking structure in uptown Hoboken has obtained nearly $27 million in financing for the deal, according to a debt placement team with Northmarq.

Finance & Capital Markets
G.S. Wilcox sources $52 million loan for Tulfra, Hampshire apartments in North Haledon

The developers of a new 180-unit luxury apartment property in North Haledon has secured $52 million in financing, under a deal arranged by G.S. Wilcox & Co.

Finance & Capital Markets
Denholtz refis 84,000 sq. ft. light industrial complex in East Brunswick, JLL says

Denholtz Properties has refinanced a two-building, 84,000-square-foot light industrial portfolio in East Brunswick, according to a debt placement team with JLL.