TD Bank has announced a commitment to finance the expansion of a Somerset County housing community for veterans, where developers are set to nearly double the number of affordable apartments.
Finance & Capital Markets
With an ever-growing and ever-changing pool of investors, capital markets activity in New Jersey is thriving like never before.
MRC inks $67.5 million loan for 640-unit redevelopment site in Harrison
A joint venture has landed a $67.5 million loan to acquire a 205-unit multifamily project in Harrison and an adjacent development site that could house another 435 apartments.
HFF brokers $9.9 million loan for Montvale office deal
The buyer of a nearly 94,000-square-foot office building in Montvale has secured $9.94 million in acquisition financing, under a transaction arranged by brokers with HFF.
Wilcox inks $17.6 million loan for 8A warehouse
G.S. Wilcox & Co. has brokered $17.6 million in financing for the owner of a nearly 341,000-square-foot industrial building in the Exit 8A submarket.
Avison Young touts lease-up, $21 million refinance at upgraded flex building
The owners of a 114,200-square-foot flex industrial building in Bergen County have leased up the property and refinanced for $21.1 million, following a series of transactions arranged by Avison Young.
Kennedy Funding inks $2.4 million loan for Wyoming homebuilder
Kennedy Funding has closed on a $2.4 million loan that will pave the way for a new 221-acre residential development in Wyoming’s second-largest city.
Developer lands $19.5 million loan for 306,000 sq. ft. industrial project, CBRE says
CBRE has secured a $19.5 million loan for a fully leased, 306,000-square-foot industrial building that will soon be completed in South Brunswick.
Lenders close $12.5 million loan for 107-year-old ‘Art Factory’ in Paterson
The owner of a historic factory complex in Paterson that is home to artists, filmmakers and other creative users is getting a $12.5 million infusion for the property, under a loan closed by Silver Arch Capital Partners and Procida Funding & Advisors LLC.
NorthMarq inks $38 million refi for Burlington County rental complex
The owner of a 405-unit multifamily complex in Cinnaminson has refinanced the property for $38 million, under a recently announced transaction by NorthMarq Capital.
HFF brokers $15.65 million construction loan for Hillside self-storage project
The developer of a 1,203-unit self-storage facility has secured $15.65 million in financing, following a transaction arranged by brokers with HFF.
