Veris Residential Inc. has landed a $340 million Freddie Mac loan for its recently completed, 750-unit apartment tower in downtown Jersey City, according to published reports.
The owner of the nearly 1,200-unit apartment complex known as The Beacon in Jersey City has snagged more than $257 million in financing, brokers with Cushman & Wakefield announced.
The owner of a 287-unit apartment portfolio in Essex County has refinanced for more than $39 million, Greystone said, securing the debt under Freddie Mac’s Small Balance Loans program.
An investment group has acquired more than 5,300 apartments in the state for a combined $1.05 billion, in a transaction that spans 14 cities in northern, central and southern New Jersey.
Greystone has closed nearly $50 million in financing to the buyer of a 484-unit garden apartment complex in Camden County, the commercial real estate lender announced.
A joint venture has secured $88 million in financing for its acquisition of a 384-unit luxury multifamily property in the Somerset section of Franklin, according to JLL.
