Finance & Capital Markets

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

Owner of Clifton office building refinances for $35 million, Progress Capital says

The owner of a 203,000-square-foot office building in Clifton is refinancing for more than $35 million, following efforts to lease up the property after acquiring it in 2018.

Kennedy Funding closes $2.3 million loan for beachfront tract in Dominican Republic

Kennedy Funding has completed another loan in the Caribbean, closing $2.3 million in financing to the owners of more than 60 beachfront acres in the Dominican Republic.

JLL inks $17 million loan package for Denholtz portfolio in Toms River, Lehigh Valley

Denholtz Properties has secured nearly $17 million to refinance a six-building industrial portfolio in Ocean County and Pennsylvania’s Lehigh Valley, brokers with JLL said.

Investors Bank completes $556 million in Q1 commercial real estate loans

The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank.

Kennedy Funding inks $1.3 million bridge loan for Massachusetts industrial complex

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1.3 million bridge loan to help facilitate the sale of an industrial property in New England.

G.S. Wilcox inks $30 million loan package for South Brunswick industrial owner

The owner of a two-building, 449,000-square-foot industrial portfolio in South Brunswick has secured nearly $30 million in financing, in a transaction arranged by G.S. Wilcox & Co.

C&W: Joint venture recapitalizes three-building, 807,000 sq. ft. Newark industrial complex

An investment firm has joined the ownership group of a sprawling industrial complex in Newark, under a recapitalization announced Tuesday by Cushman & Wakefield.

Developer lands $48 million loan package for next phase of Elmwood Park project, JLL says

The developer of a two-building, 240-unit luxury apartment complex in Elmwood Park has secured $48 million in financing, according to a debt placement team with JLL.

Accurate Builders, MRC ink $395 million loan for Newark stadium site, other multifamily assets

A developer has secured a $395 million loan for a portfolio of multifamily assets, including the former Newark Bears stadium site where plans now call for 4,200 residential units.

NorthMarq inks $16 million loan for Princeton apartment, retail properties

The owner of two mixed-use buildings in downtown Princeton has refinanced for more than $16 million, in a newly announced transaction by NorthMarq.