By Joshua Burd
Valley Bank has closed a nearly $800,000 cash-out refinance loan to the owner of a Newark industrial property, the Morristown-based lender announced Wednesday.
The borrower, a client since 2009, will use the funds to support improvements across its broader portfolio and position it for continued growth, according to a LinkedIn post by Valley’s Christopher Coiley. Scott Weinstein, a first vice president and relationship manager with the bank, spearheaded the $797,000 transaction.
Coiley also cited the role of Lending Specialist Mosias Venord and Underwriter Clem Hawkins, adding the bank is “proud to support our clients with solutions that strengthen long-term relationships and create opportunity for future investment.”
