Finance & Capital Markets
JLL sources $250 million credit facility on behalf of Hampshire retail, self-storage REIT
Affiliates of The Hampshire Cos. have secured a $250 million credit facility for a real estate investment trust focused on retail and self-storage properties, brokers with JLL announced.
Wilcox sources $10 million permanent loan for Russo rental property in Union Twp.
Russo Development has secured $10 million in permanent financing for a two-building, 88-unit multifamily property in Union Township, in a transaction arranged by G.S. Wilcox & Co.
C&W: Developers land $147 million construction loan for Parsippany redevelopment project
A development team has secured nearly $147 million in construction financing for a project that will bring some 500 new apartments and retail space to Parsippany, revitalizing the former site of a defunct office complex on Route 10.
Procida closes $21 million construction loan for Kearny multifamily project
Procida Funding has originated a $20.5 million construction loan to the owner of a multifamily development site in Kearny, where plans call for a project with 69 apartments.
Developer of 300-unit Livingston rental project lands $127 million debt, equity package
A developer has secured nearly $127 million in debt and equity for a plan to build 300 new apartments off Route 10 in Livingston, in a set of newly announced deals by JLL.
