Investors Bank Completes $2.2 Billion in Commercial Real Estate Loans during 2020

March 8, 2021

SHORT HILLS, N.J., March 8, 2021 – Investors Bank completed commercial real estate (CRE) lending transactions valued at more than $2.2 billion during 2020. The loans were provided to refinance existing commercial mortgages, acquire facilities, and construct multifamily housing properties. In recent weeks, for example, Investors’ CRE Lending Group added $55 million in loans to the bank’s balance sheet. 

In announcing the loan volume, Head of CRE Lending Joseph Orefice said, “We had a very successful year in 2020. Our senior lenders continue to work closely with our clients during these trying times to structure financing to meet their specific financing needs.”

Orefice added, “Last summer we pivoted and adjusted our lending strategy. The trend continues, and we see select financing opportunities among various CRE sectors including construction.”

One of the largest recent transactions is a $25 million construction loan to develop a 138,730-square- foot multifamily housing property in Lawnside, N.J. When completed, the complex will house more than 144 residential units. 

Here is the rundown of the bank’s recent and larger CRE financing transactions.

New Jersey:

  • A $16.0 million loan to refinance the commercial mortgage on a 136,200-square-foot office building in Ramsey
  • A $14.0 million loan to refinance the commercial mortgage on a 39,450-square-foot mixed use property, with 46 residential units and one commercial space in Montclair. 

The Manhattan-based Investors Bank’s CRE Lending Group is led by Orefice. To speak directly with Investors Bank about CRE financing, please contact:

  • Joseph Orefice, New York City office, at 646-358-8381
  • Andrew Markey, Short Hills, N.J. office, at 973-522-3837
  • Marc Katz, New York City office, at 646-358-8382. 

About Investors Bank
Investors Bank, headquartered in Short Hills, N.J., is a full-service commercial bank that has been serving customers since 1926. With more than $26 billion in assets and a network of more than 150 retail branches, Investors Bank delivers personalized services and products tailored to the needs of its customers. Investors Bank’s banking services include complete deposit, loan, and cash management products for consumers and businesses.                 

Investors Bank: Member FDIC and Equal Housing Lender