Finance & Capital Markets

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

Developers of high-end Montclair hotel ink $37.5 million bridge loan

The developers of a new 159-key Marriott hotel in downtown Montclair has secured a $37.5 million bridge loan, under a transaction arranged by PMZ Realty Capital LLC.

South Jersey shopping center owner refinances for $22 million, Progress says

The owner of a 176,000-square-foot shopping center in Camden County has refinanced the property for more than $22 million, under a new transaction by Progress Capital.

L+M, Prudential land financing to preserve and upgrade Newark housing complex

L+M Development Partners and Prudential Financial have secured financing to preserve and renovate a government-subsidized housing complex in Newark’s South Ward.

Somerville: HFF inks $13.25 million refi for 69-unit rental complex

The developer of a new 69-unit high-end apartment building in Somerville has refinanced the property for $13.25 million, brokers with HFF announced Wednesday.

CBRE: Owner of Morris Twp. office building closes on $54 million loan

The new owner of a 320,274-square-foot office complex near Morristown has landed nearly $54 million in financing, brokers with CBRE said Monday.

Progress Capital inks $23.4 million refi at 96-unit building in Union City

The developer of a new 96-unit apartment building in Union City has landed more than $23 million in permanent financing, in a transaction arranged by Progress Capital.

Owner of 516-unit portfolio in Little Ferry refis for $44 million

The owner of three multifamily properties in Little Ferry has refinanced the portfolio for more than $44 million, capital markets firm Northmarq announced Thursday.

Investors Bank touts $412 million in recent commercial loans

Investors Bank has closed on a $30 million loan to refinance a nearly 400,000-square-foot office park in Bloomfield, the largest among several newly announced transactions.

JLL inks $46.5 million refi for Howell shopping center

The owner of a Monmouth County shopping center has secured $46.5 million to refinance the property, under a newly announced transaction by JLL.

JLL inks $11 million refi for 157,000 sq. ft. corporate park in Closter

The owner of a five-building commercial park in Bergen County has refinanced for $11 million, following a transaction arranged by brokers with JLL.