JLL: Developer lands $49 million in debt, equity for 150-unit rental project in Elmwood Park

The firm behind a 150-unit, two-building multifamily development in Elmwood Park has secured $49 million in construction financing and equity for the project, brokers with JLL announced Thursday.

Sherman & Roylance: Buyers plans to renovate, revive West Orange assisted living facility

A private operator hopes to revitalize a shuttered assisted living facility in West Orange after acquiring the 53-bed property, according to a broker with Sherman & Roylance.

Walters refis 70,000 sq. ft. Barnegat shopping center for $8 million, JLL says

Walters has secured an $8.3 million loan to refinance a grocery-anchored shopping center in the Ocean County township of Barnegat, according to a debt placement team with JLL.

Provident inks $19 million construction loan for Newark self-storage project, JLL says

A development team has landed a $19 million construction loan for a 1,332-unit self-storage project in Newark’s Ironbound section, according to a debt placement team with JLL.

Provident Bank

As one of the oldest and largest financial institutions based in New Jersey, Provident Bank is proud of its long history of commitment to commercial real estate developers, operators and investors. When it comes to your business, stability is important. And no one is more stable than Provident Bank. With a history of more than 180 years, we’re experts in assisting businesses with their borrowing needs. Combining the personalized service and local decision making of a community bank with the resources and capabilities of a regional bank, we’re the right size to get deals done and we deliver on our brand promise of commitment you can count on!

Provident closes $7.5 million loan to refi Ashkenazy-owned retail center in Atlantic City

Ashkenazy Acquisition Corp. has secured a $7.5 million loan to refinance a 76,000-square-foot, grocery-anchored shopping center in Atlantic City.

JLL: Developers ink $20 million construction loan for 53-unit Millburn rental project

A development team has landed $20 million in construction financing for a new 53-unit luxury apartment building in downtown Millburn, brokers with JLL announced Wednesday.

Tulfra breaks ground on Rochelle Park apartments, with $35 million construction loan in hand

Tulfra Real Estate has broken ground on a new 160-unit multifamily development in Rochelle Park, the latest piece of a mixed-use site directly south of Westfield Garden State Plaza.

Provident, Lakeland to merge in $1.3 billion deal that will fortify CRE lending platforms

Provident Bank and Lakeland Bank are joining forces under a $1.3 billion merger announced Tuesday, bringing together two key lenders in the state’s commercial real estate sector.

Greek, Principal ink $32 million construction loan with Provident for warehouse project

Greek Development and Principal Real Estate Investors have closed on more than $32 million in construction financing for a long-awaited industrial project in Pennsylvania’s Bucks County.