Finance & Capital Markets

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

NorthMarq inks $51 million to refinance Middlesex County rental complexes

The owner of a 184-unit apartment complex in Sayreville has refinanced for $27 million, in the largest of three newly announced transactions by NorthMarq.

Progress Capital sources $17.25 million loan for Journal Square apartment deal

The buyer of an apartment and retail building in Jersey City has landed more than $17 million in financing, according to an advisory team with Progress Capital.

Cronheim: Furniture seller inks $50 million loan, buys 635,000 sq. ft. Hightstown facility

The occupier of a newly built, 635,000-square-foot distribution center in Hightstown has acquired the property with the help of a $50 million loan.

Progress Capital inks $15 million loan for Harlem development parcel

A developer has landed $15 million in financing for its acquisition of a parcel in Manhattan’s Harlem neighborhood, according to a debt placement team with Progress Capital.

Procida closes construction loan for 27-unit apartment building in Paterson

Procida Funding & Advisors has originated a $5.45 million construction loan to the developer of a new apartment and retail building in Paterson.

Capodagli lands $65 million loan for 325-unit rental project, Greystone says

Capodagli Property Co. has secured a $65 million construction loan for a planned 325-unit multifamily project in Union County, in a newly announced transaction by Greystone.

CBRE: Tristate data center demand still strong, with inventory still limited

Data center vacancy in the tristate area reached an all-time low in 2020, according to CBRE, thanks in part to demand fueled by cloud providers, health care and financial institutions.

Vineland garden apartment owner lands $4.6 million loan, Cronheim says

The owner of a 100-unit garden apartment complex in Vineland has secured more than $4.5 million in financing, according to a debt placement team with Cronheim Mortgage.

Stro inks $28 million refi for industrial buildings in Union, Bergen counties

The Stro Cos. has secured nearly $28 million to refinance a five-building, 340,000-square-foot portfolio of industrial buildings in Union and Bergen counties.

Investors Bank inks loans for Montclair, Lawnside apartments among recent activity

Investors Bank is touting the completion of more than $2 billion in commercial real estate lending volume in 2020, including continued financing of new construction and acquisitions.