DEALS OF THE DAY: Investors Savings Bank Provides Construction Financings in New Jersey, New York, Pennsylvania Tri-State Area
- Sep 30, 2010
Short Hills, N.J. –Here is one bank that is active providing not only acquisition, but also construction, financing in the tri-state area of New Jersey, New York and Pennsylvania.
Investors Savings Bank’s Commercial Real Estate group says it recently completed financing for seven transactions:
-A loan of $23,000,000 for 25 living units in a multifamily building in Manhattan.
-Acquisition site and construction financing of $18,600,000 to build single-family homes to be located in Piscataway, N.J.
-A loan of $18,450,000 for a multifamily building with 46 living units in Brooklyn, N.Y.
-Construction financing of $16,850,000 for multifamily housing with over 50 living units in Brooklyn, N.Y.
-A loan of $14,475,000 for an acquisition of a multifamily building with over 50 units in Newark, N.J.
-Commercial financing of $11,850,000 for a property containing stores and living units in Brooklyn, N.Y.
-Loan of $11,250,000 for 224 units in a multifamily building in Hallam Boro, Pa.