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
Progress sources $76 million loan package for Maryland multifamily deals

A locally based investor has secured $76 million in financing for two multifamily acquisitions outside Baltimore, in a transaction arranged by Progress Capital.

Finance & Capital Markets
Kennedy Funding lends $2.5 million to Denver-area homebuilder

Kennedy Funding has closed a nearly $2.5 million loan to the developer of what will be 149 single-family homes at a tract outside Denver, Colorado.

Finance & Capital Markets
C&W sources $115 million loan for LEG industrial development in Rutherford

A global investment manager is providing a $115 million construction loan for Lincoln Equities Group’s recently announced, 360,000-square-foot industrial project in Rutherford.

Finance & Capital Markets
Developers land $94 million financing package for revival of iconic Paterson stadium

A development team has closed on more than $90 million in financing for a project that centers on restoring Paterson’s historic Hinchcliffe Stadium.

Finance & Capital Markets
Procida closes $5 million loan to third-generation furniture business in Bergen County

Procida Funding has provided more than $5 million in financing to the owners of a multigenerational furniture shop in southern Bergen County.

Finance & Capital Markets
Owner of Clifton office building refinances for $35 million, Progress Capital says

The owner of a 203,000-square-foot office building in Clifton is refinancing for more than $35 million, following efforts to lease up the property after acquiring it in 2018.

Finance & Capital Markets
Kennedy Funding closes $2.3 million loan for beachfront tract in Dominican Republic

Kennedy Funding has completed another loan in the Caribbean, closing $2.3 million in financing to the owners of more than 60 beachfront acres in the Dominican Republic.

Industrial
JLL inks $17 million loan package for Denholtz portfolio in Toms River, Lehigh Valley

Denholtz Properties has secured nearly $17 million to refinance a six-building industrial portfolio in Ocean County and Pennsylvania’s Lehigh Valley, brokers with JLL said.

Finance & Capital Markets
Investors Bank completes $556 million in Q1 commercial real estate loans

The owner of a 132-unit luxury apartment building in Jersey City has refinanced for $45 million, in one of several recently announced loans by Investors Bank.

Finance & Capital Markets
Kennedy Funding inks $1.3 million bridge loan for Massachusetts industrial complex

Kennedy Funding, an Englewood Cliffs-based direct private lender, has closed a $1.3 million bridge loan to help facilitate the sale of an industrial property in New England.