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
JLL: Hekemian & Co. inks $78 million refi of new Hackensack apartments

An affiliate of Hekemian & Co. has landed a $78 million loan to refinance a new 254-unit luxury apartment building in Hackensack, in a transaction arranged by JLL.

Finance & Capital Markets
Mag Mile Capital inks $9 million loan for three-property deal in Atlantic County

Mortgage banking firm Mag Mile Capital has secured a loan of $8.85 million to cover the purchase of three investment properties in Atlantic County.

Finance & Capital Markets
JLL sources predevelopment, construction loan for Thor warehouse project in Bogota

Thor Equities Group has secured predevelopment and construction financing for a plan to build a nearly 151,000-square-foot industrial building in Bogota, according to brokers with JLL.

Finance & Capital Markets
JLL inks $61 million refi for 200,000 sq. ft. outer boroughs industrial portfolio

Seagis Property Group LP has landed nearly $61 million to refinance seven light industrial buildings in New York City, in a deal by JLL’s Morristown-based capital markets team.

Finance & Capital Markets
JLL sources $56 million HUD loan to refinance Burlington County apartments

The owner of about 300 apartments in Burlington County has landed a $56 million federal loan to refinance the property, according to a debt placement team with JLL.

Finance & Capital Markets
Lender provides $7.9 million for plans to convert Montclair, Clifton commercial buildings

A national private direct lender has closed nearly $8 million in financing for projects that will reposition vacant buildings in Montclair and Clifton.

Community
Spencer Savings donates $100,000, supplies to humanitarian relief in Ukraine

Spencer Savings Bank has announced a $100,000 donation to support humanitarian relief efforts in Ukraine, having also held a supply drive for refugees from the war-torn country.

Finance & Capital Markets
JLL: Columbia snags $29 million permanent loan for 93-unit Jersey City rental project

A fund managed by Columbia Property Trust has landed a nearly $29 million loan for a new 93-unit apartment building in Jersey City’s Bergen-Lafayette neighborhood.

Finance & Capital Markets
Progress Capital inks $25 million loan for 141-unit Gloucester City rental property

A developer has secured a $25 million permanent loan for a newly built, 141-unit apartment complex in Camden County, in a newly announced deal by Progress Capital.

Finance & Capital Markets
Joint venture lands financing for $63 million recap of North Bergen condo project

The developers of a new luxury condominium building in North Bergen have recapitalized the project’s remaining homes for $63.2 million, a debt placement team announced Monday.