Newark: Developers eye office-to-residential project with $22 million Northwind Group loan

A joint venture has secured $22 million in financing for its plan to expand a Newark office building and repurpose it as a new 10-story, 92-unit multifamily property.

Private equity firm Northwind lends $35 million to upgrade 216-unit Newark apartment tower

By Joshua Burd The owner of a 216-unit apartment tower in Newark has snagged $35 million in financing for a major renovation of the building, in a deal originated by Northwind Group. Based in Manhattan, the real estate private equity…