Finance & Capital Markets
Kennedy Funding inks land loan for Suffern residential parcels
Kennedy Funding has closed a new land loan in connection with a nearly six-acre residential development site in Suffern, New York, just north of the New Jersey state line.
Kennedy Funding inks $1.6 million loan to bring much-needed housing to Maine’s South Coast
Kennedy Funding has closed a $1.633 million loan to the developer of what will be 13 single-family homes in southern Maine, the Englewood-based lender announced Friday.
JLL: Buyer of Newark’s Springfield Avenue Marketplace lands $23 million acquisition loan
The new owner of a grocery-anchored shopping center in Newark has closed on more than $23 million in acquisition financing, in a newly announced deal by JLL.
In the Moment: Onyx cofounders receive Kislak Institute’s Leadership Excellence Award
From left: Cynthia Daly, interim director of the Kislak Real Estate Institute at Monmouth University, presented the program’s Leadership Excellence Award on May 29 to Onyx Equities cofounders Jonathan Schultz and John Saraceno Jr., who received the honor on behalf of their Woodbridge-based firm. The company is behind many of New Jersey’s most complex and high-profile development projects and investments that have repositioned major commercial properties, including the 2 million-square-foot Northeast Science & Technology Center at the former Merck & Co. campus in Kenilworth, as well as the modernization of the four-building, 2.3 million-square-foot Gateway office complex in Newark.
Kennedy Funding closes $8 million in land loans in two countries in 14 days
Kennedy Funding has closed four land loans totaling more than $8 million in recent weeks, including three outside its home state of New Jersey and a fourth in South America.
