Finance & Capital Markets

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

CBRE: South Orange apartment building refinances for $14 million

The owner of a 66-unit apartment building in South Orange has refinanced for $14 million, brokers with CBRE announced Wednesday.

Apartment owner refinances for $140 million, extending affordable housing subsidy

The owner of a 688-unit apartment complex in West New York has closed on a $140 million loan that will allow it to operate the property as affordable housing for another four decades.

KRE Group, Russo secure $71 million loan for 345-unit rental project in Morris County

Kushner Real Estate Group and Russo Development have broken ground on 345 luxury apartments in Morris County, having secured a $71 million construction loan for the project.

JLL: Developer lands permanent financing for new Union rental project

The developer of an 80-unit luxury apartment building in Union has secured permanent financing for the property, in a transaction arranged by JLL.

How CBRE webinar series became a pandemic staple — and a valuable tool going forward

CBRE’s tristate capital markets team has stayed connected with clients and colleagues throughout the pandemic, thanks to a series of webinars and virtual programs that have drawn thousands of viewers since the earliest days of the crisis in the U.S.

Procida inks $40 million loan for 242-unit rental project in Carteret

The developer of a 242-unit apartment community in Carteret has secured nearly $40 million in financing, under a newly announced transaction by Procida Funding.

Kennedy Funding lends $2 million to Texas property owner

Kennedy Funding has closed on nearly $2 million in financing for the owner of two land tracts in Fort Worth, Texas, paving the way for a separate transaction in the city.

NYL closes $36.5 million mortgage for Morristown apartment, retail building

The owner of a 130-unit luxury apartment building in Morristown has secured a $36.5 million mortgage, in a newly announced transaction by New York Life Real Estate Investors.

Progress Capital inks $13.5 million in financing for Queens rental project

Progress Capital has arranged $13.5 million in financing for a redevelopment project in New York City’s Rockaway Park neighborhood.

Meridian touts $277 million refi for apartment, retail portfolio in Morris and Camden counties

A multifamily and retail owner has refinanced four New Jersey properties for more than $275 million, in a series of recent transactions by Meridian Capital Group.