By Joshua Burd
Spencer Savings Bank has originated $9 million in financing to the owner of a 58-unit apartment building in Hackensack, the lender announced recently.
Based in nearby Elmwood Park, Spencer said it provided the loan in connection with an undisclosed property in the city. Dana Berlin, a vice president and client manager with Spencer, detailed the transaction during a recent post on the company’s LinkedIn page.
Spencer’s other recently closed commercial real estate deals include a $19 million mortgage for two buildings in Clifton and $3 million in financing for a 19-unit apartment building with retail space in Passaic, according to its website.
