Finance & Capital Markets
JLL: Developer of 42-unit Journal Square building snags $13 million construction loan
A new 42-unit apartment building is coming to Jersey City’s Journal Square with the help of a $13.1 million construction loan, according to a debt placement team with JLL.
LEG scores $61 million construction loan for 420,000 sq. ft. Hamilton industrial project
Lincoln Equities Group has landed nearly $61 million in financing to build more than 420,000 square feet of new industrial space in Hamilton, brokers with Cushman & Wakefield said.
STRO, Truist close $25 million loan to refi 353,000 sq. ft. Wayne industrial building
The STRO Cos. has closed on a $25 million loan to refinance a fully leased, 353,000-square-foot industrial building in Wayne that it has owned for more than 30 years.
Kennedy Funding closes $2.7 million land loan for 82-unit Nashville residential project
Kennedy Funding has provided a $2.7 million land loan to the developer of a planned 82-unit residential community in Tennessee, the Englewood-based direct private lender announced.
Elberon lands $11 million loan for 223,000 sq. ft. Elizabeth warehouse, Wilcox says
Elberon Development Group has closed on $11 million in financing for a 223,000-square-foot warehouse in Elizabeth, in a deal arranged by G.S. Wilcox & Co.
