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Real Estate
$48M Refinancing Secured For Chelsea Senior Living Community In Bergen County $48M Refinancing Secured For Chelsea Senior Living Community In Bergen County
$48M Refinancing Secured For Chelsea Senior Living Community In Bergen County A $48 million refinancing has been arranged for two Class A senior housing communities located in Bergen County, NJ, and Rockland County, NY, the real estate firm said. The deal includes The Chelsea at Washington Township, located at 620 Pascack Road in Washington Township, and The Chelsea at New City, located at 269 North Main Street in New City, JLL Capital Markets said. JLL’s Seniors Housing Debt Advisory team worked on behalf of the borrower, Bain Capital Real Estate and Capitol Seniors Housing, to place a three-year, floating-rate loan with a large regional bank, according to the relea…

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by Cecilia Levine
News
Buy Now, Pay Later Fuels Summer Travel – But Debt Could Follow You Home Buy Now, Pay Later Fuels Summer Travel – But Debt Could Follow You Home
Buy Now, Pay Later Fuels Summer Travel – But Debt Could Follow You Home Plenty of Americans are ready to pack their bags this summer – but some could still be paying for their vacations long after the trip ends. Nearly one in five summer travelers (18%) plan to use buy now, pay later services to cover some of their vacation costs in 2025. The findings were part of NerdWallet's 2025 Summer Travel Report. These short-term installment loans may seem like an easy way to book a trip without a big upfront payment, but financial experts warn they can lead to more debt than many travelers expect. "Americans are determined to travel this summer, but they're gettin…

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by Chris Spiker
Police & Fire
NJ Man Charged With Defrauding Victim In Loan Scheme Involving Batmobile, Ghostbusters Hearse NJ Man Charged With Defrauding Victim In Loan Scheme Involving Batmobile, Ghostbusters Hearse
NJ Man Charged With Defrauding Victim In Loan Scheme Involving Batmobile, Ghostbusters Hearse A 38-year-old Warren County man was charged on Wednesday, Oct. 23 for defrauding a 91-year-old man who loaned him money, after having settled the case in court, Daily Voice has learned. In May 2021, a 91-year-old Clarksburg resident loaned Asbury resident Christopher Sterlacci $400,000, Hunterdon County Prosecutor Renée Robeson and Hunterdon County Chief of Detectives Timothy Drew said. Several vehicles and properties were put up as collateral by Sterlacci for the loan, authorities said. After defaulting on the terms of the loan, it was discovered that the properties and vehi…

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by Sam Barron
News
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud
NJ Real Estate Developer Fred Daibes Pleads Guilty To Bank Fraud Fred Daibes, a 67-year-old real estate developer previously convicted of bribing disgraced New Jersey Sen. Bob Menendez, pleaded guilty to bank fraud on Thursday, Sept, 5, authorities said. The former CEO and chairman of the board of directors at Mariner's Bank pleaded guilty in Newark federal court to making false entries in connection with a $1.8 million loan from his bank in 2008, US Attorney Phillip Sellinger said. Daibes said the line of credit was for someone else, when it was actually for his benefit, Sellinger said. The loan said the source of repayment would be from the p…

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by Sam Barron