Finance & Capital Markets

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

JLL sources $42 million construction loan for Readington apartment project

A developer has secured a $42 million construction loan for a new 254-unit luxury apartment complex in Readington, according to a debt placement team with JLL.

Cronheim: Apartment owner lands $10 million loan for Union, Essex portfolio

The owner of a 129-unit apartment portfolio in Union and Essex counties has landed more than $10 million in financing, in a newly completed transaction by Cronheim Mortgage.

G.S. Wilcox sources $50 million construction loan for Union rental project

A developer has secured nearly $50 million in financing to build another 266 luxury apartments at an existing site in Union, under a transaction arranged by G.S. Wilcox & Co.

Spencer inks $22 million loan in Meadowlands for global manufacturing client

Spencer Savings Bank has closed a $22 million mortgage tied to a distribution center in the Meadowlands, touting it as the single-largest transaction in its history.

Saxum lands $47 million loan for Philadelphia rental project, JLL says

Saxum Real Estate has secured nearly $47 million in financing for a 297-unit multifamily project in Philadelphia, according to a Morristown-based debt placement team with JLL.

BBCP arranges $17 million in loans for Hudson County assets

An owner and developer has landed nearly $17 million in financing in connection with two sites in Hudson County, according to an advisory team with Black Bear Capital Partners.

Brazilian farming business lands $2.6 million loan from Kennedy Funding

Kennedy Funding, a direct private lender based in Englewood Cliffs, has closed a $2.64 million loan to the owner of a farming business in eastern Brazil.

Kokes inks $19 million construction loan for Riverside rental project

Kokes Properties has secured more than $19 million in financing for the first phase of a 190-unit residential project in the Burlington County township of Riverside.

Prism lands permanent financing for 330-unit adaptive reuse project in West Orange

Prism Capital Partners has secured new financing for its high-profile adaptive reuse project in West Orange, the site of more than 330 new homes and ground-floor retail space.

Kennedy Funding closes loan for ambitious Albany redevelopment

Kennedy Funding has closed $850,000 in financing to the developers of a four-building, mixed-use project in Albany, New York, the Englewood Cliffs-based lender announced last week.