Finance & Capital Markets

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

HSF inks $53 million construction loan for 135-unit North Bergen rental project

The developer of a new 10-story, 135-unit luxury apartment building in North Bergen has secured nearly $53 million in financing from HALL Structured Finance.

Private Lender Law touts new speakers, networking options at top industry conference

Organizers of the country’s largest private lending conference have unveiled a slate of changes and key additions to this year’s program, including a presentation by the forensic accounting investigator who uncovered Bernie Madoff’s Ponzi scheme.

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.

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.

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.

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.

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.

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.

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.

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.