Finance & Capital Markets
C&W: Sagard, Woodmont snag $56 million loan for 278,000 sq. ft. Rahway industrial project
A joint venture has landed a $56 million construction loan for a project that will bring nearly 278,000 square feet of new high-end warehouse space to Rahway.
Kennedy Funding lends $2.1 million to Georgia residential developer
Kennedy Funding has closed a $2.1 million cash-out refinance loan to the owner of a growing residential development in Georgia.
Valley closes $15 million construction line of credit for 78-unit Bayonne rental project
The developer of a 78-unit multifamily project in Bayonne has closed on a $15 million construction line of credit with Valley Bank, the lender announced last week.
Kennedy Funding lends $1.2 million to help foreign national buy Baltimore apartments
A foreign investor has acquired a 19-unit apartment complex in Maryland with the help of a $1.2 million loan from Kennedy Funding, the Englewood-based direct private lender.
Things to do
As you’ll read in this month’s cover story, the Queen City is now working to attract new retail, recreation and dining options to support its growing population. Look no further than PickleRage, the new 40,000-square-foot pickleball club that just opened under a project by ECA Developers. That’s just one example, according to the story by Marlaina Cockcroft, coming alongside a new $10 million aquatics complex that debuted last summer and plans for a 55,000-square-foot recreation and cultural center with a pool, event and performance space, workforce development facilities and an art gallery, as well as a building with 220 affordable units.
