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While the second quarter of 2022 was filled with some uncertainty caused by rising interest rates, the Murphy Schiller & Wilkes (MSW) transactional team remained incredibly busy, helping our clients close significant deals, both locally and nationally.
In Q2 2022, the firm represented the following:
- Borrower in connection with $90,000,000 mortgage and mezzanine construction financing for the first phase of a major redevelopment project in Morris County, NJ.
- Borrower in connection with $78,000,000 refinancing of multifamily apartment complex in Hackensack, NJ.
- Seller in connection with $27,000,000 sale of 66-unit apartment complex in South Orange, NJ.
- Seller in connection with $24,750,000 sale of hotel property in Birmingham, AL.
- International bank in connection with $24,500,000 construction loan for an apartment building in Newark, NJ.
- Borrower in connection with $24,000,000 refinance of a 200-unit apartment complex in Jersey City, NJ.
- Developer in connection with $13,000,000 construction loan for development of industrial warehouse in Logan Township, NJ.
- Purchaser in connection with the acquisition of $8,700,000 site for the development of 100 apartment units in Newark, NJ.
- Lender in connection with $6,600,000 acquisition loan for an industrial building in Bergen County, NJ.
Murphy Schiller & Wilkes LLP (MSW) is a boutique law firm servicing the commercial real estate and construction industries. Headquartered in Newark, New Jersey, the firm represents a wide range of clients, including institutional, publicly traded real estate companies, international and regional lenders, national contractors and subcontractors, and family offices. The firm has been ranked as a top law firm by both Chambers & Partners and U.S. News & World Report.