Finance & Capital Markets

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

Procida closes $9.5 million in loans for Paterson multifamily projects

The developer of two new apartment buildings in Paterson has secured more than $9.5 million in financing for the projects, in a set of newly completed transactions by Procida Funding.

JLL inks $148 million loan for sale of 1.5 million sq. ft. office portfolio in Morris County

An investment group has secured nearly $148 million in financing for its recent purchase of 10 office buildings in Parsippany and Madison, in a transaction arranged by JLL.

New York Life lends $65 million for new Kearny industrial project

New York Life Real Estate Investors has completed a $65 million loan to the developer of a nearly 420,000-square-foot industrial building in Kearny.

Investors Bank touts $90 million in New Jersey loans among recent CRE activity

Investors Bank has closed nearly a dozen commercial real estate loans valued at $227 million in recent months, including more than $90 million in transactions for its New Jersey clients.

Spencer closes loan for 31-unit rental building in Union County

The owner of a 31-unit apartment building in Union County has secured financing, in a newly completed transaction by Spencer Savings Bank.

Procida closes $52.5 million construction loan for 214-unit Hudson County project

A planned 214-unit apartment development in North Bergen is moving ahead with the help of a newly announced, $52.5 million construction loan by Procida Funding.

JLL: Developer lands $116 million construction loan for Montvale redevelopment

A large mixed-use development at the site of the former Mercedes-Benz campus in Montvale is moving ahead with the help of a $116 million construction loan, according to brokers with JLL.

JLL touts $34 million construction loan for North Haledon rental project

The team behind a 180-unit multifamily development in North Haledon has secured a $34 million construction loan for the project, according to a capital markets team with JLL.

Jersey City apartment owner lands $20.5 million refi loan, JLL says

The owner of a new 80-unit apartment building in Jersey City has refinanced the property for $20.5 million, under a transaction arranged by JLL.

Kennedy Funding inks $750,000 loan for Florida housing development

Kennedy Funding has closed a $750,000 loan to the owner of a residential development site in Southwest Florida, where plans call for more than 300 multifamily and manufactured homes.