Finance & Capital Markets

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

Industrial
Elberon, Fidelco land $34 million loan for Elizabeth cold storage project, JLL says

A development team has secured a $34 million construction loan for a new 140,000-square-foot cold storage building on the border of Elizabeth and Newark, in a deal arranged by JLL.

Finance & Capital Markets
Parkview lends $61 million for 282-unit condo project in Port Imperial

A developer seeking to build more than 280 waterfront condominiums in Weehawken has landed $61 million in financing, in a newly completed transaction by Parkview Financial.

Finance & Capital Markets
JLL: Joint venture lands $12.7 million loan for Hamilton warehouse project

The developers of a new 171,000-square-foot industrial project in Hamilton have obtained nearly $13 million in financing for the project, according to a debt placement team with JLL.

Finance & Capital Markets
Jersey City apartment developer lands $30 million construction loan, Progress Capital says

A developer has secured a $30 million construction loan to complete a 99-unit apartment building in Jersey City, in a newly announced transaction by Progress Capital.

Finance & Capital Markets
Cronheim inks $7.75 million loan for 25-unit project in Jersey City Heights

A first-time multifamily builder has landed nearly $8 million in financing for a 25-unit project in The Heights section of Jersey City, under a deal arranged by Cronheim Mortgage.

Finance & Capital Markets
Snowpoint closes $2.8 million loan for Passaic County rehab center

The buyer of a rehabilitation and recovery center in Passaic County has secured $2.8 million in financing, in a newly announced transaction by Snowpoint Capital Management.

Finance & Capital Markets
Cronheim touts $11.1 million loan for rental portfolio in Woodbridge, Englewood

The owner of a 178-unit apartment portfolio in Middlesex and Bergen counties has secured more than $11 million in financing, in a transaction arranged by Cronheim Mortgage.

Finance & Capital Markets
Progress inks $14.5 million loan for Bronx housing redevelopment

The developer of an 11-story apartment building in the Bronx has landed more than $14 million in financing for the project, according to an advisory team with Progress Capital.

Finance & Capital Markets
Spencer welcomes new board members for 2021

Spencer Savings Bank has announced the re-election of a longtime board member and the addition of two new members as part of its recent annual meeting.

Finance & Capital Markets
KRE, Silverman Group secure $44 million loan for Lehigh Valley rental project

A team of New Jersey developers has secured more than $44 million in financing for a project to build 273 new garden apartments in Pennsylvania’s Lehigh Valley.