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
Investor lands $41 million acquisition loan for 768,000 sq. ft. portfolio in Warren, Somerset

The buyer of a seven-building, 768,244-square-foot portfolio in Somerset County has secured $41 million in financing, brokers with Cushman & Wakefield announced Tuesday.

Finance & Capital Markets
Meridian inks $27.5 million loan for 117-unit rental project in Somerville

The developer of a newly built, 117-unit apartment building in Somerville has refinanced for $27.5 million, under a newly announced transaction by Meridian Capital Group.

Finance & Capital Markets
Tulfra secures $11.7 million loan for warehouse, self-storage project in West Caldwell

Tulfra Real Estate has landed $11.7 million in financing for a repurposed industrial property in West Caldwell, where it recently inked a long-term, 68,000-square-foot lease and is now building a 760-unit self-storage facility.

Finance & Capital Markets
Amboy Bank, B-360 ink $33 million construction loan for East Orange project

Amboy Bank has closed on a $33 million construction loan for the developer of an 18-story luxury residential building in East Orange, the latest partnership between the two entities.

Finance & Capital Markets
Investors touts $2.48 billion in commercial real estate lending in 2018

Investors Bank inked nearly $2.5 billion in commercial real estate loans in 2018, including $385 million in volume across 19 transactions to close out the year.

Finance & Capital Markets
HFF: Accordia recaps, buys out partner at Fairfield office building

A longtime partner in a Fairfield office building has assumed full ownership, thanks in part to more than $27 million in financing arranged by brokers with HFF.

Finance & Capital Markets
New York Life, Roseland ink $117 million mortgage for Jersey City rental tower

New York Life Real Estate Investors has completed $117 million in financing for a three-year-old, 311-unit luxury apartment tower in Jersey City developed by Roseland Residential Trust.

Finance & Capital Markets
Englewood Cliffs lender inks $1.35 million loan for Florida rental building

Kennedy Funding has closed a $1.35 million loan for the owner of a 12-unit apartment building about an hour north of Miami, the Englewood Cliffs-based lender announced.

Industrial
Tulfra inks $10.3 million loan for Rochelle Park self-storage project

Tulfra Real Estate is on track to begin its redevelopment of a former AT&T data center site in Rochelle Park after landing a $10.3 million construction loan for a new self-storage facility.

Finance & Capital Markets
Progress inks $21 million refi loan for Jersey City multifamily owner

The owner of 11 multifamily buildings in Jersey City has obtained a $21 million loan to refinance the portfolio, in a transaction arranged by Progress Capital.