DEALS OF THE DAY: Investors Savings Bank Provides Construction Financings in New Jersey, New York, Pennsylvania Tri-State Area

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.

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.