Investors Bank has closed on a $30 million loan to refinance a nearly 400,000-square-foot office park in Bloomfield, the largest among several newly announced transactions.
Investors Bank inked nearly $2.5 billion in commercial real estate loans in 2018, including $385 million in volume across 19 transactions to close out the year.
A private investor has sold a 2,760-square-foot, net-leased bank property in Bordentown, in a nearly $1.7 million deal arranged by Marcus & Millichap.
Investors Bank has inked a $36 million loan for a 144,000-square-foot warehouse in Elizabeth, the largest among 10 recent closings announced by the lender.
Investors Bank has closed on several loans to support New Jersey multifamily properties in recent months, part of more than $300 million in new lending activity for region.
Investors Bank is celebrating the completion of a new 100,000-square-foot post-acute care facility in Livingston, for which it provided $30 million in financing.
Multifamily projects in Morristown and Monroe are among the latest developments financed by Investors Bank, contributing to more than $2.5 billion in commercial real estate activity completed by the lender in 2017.
As we’ve been reminded over the last two years, industry leaders have long feared that federal tax reform could spell the end of many of the loopholes enjoyed by developers and investors. It became clear last fall that benefits such as the 1031 exchange would live to see another day, but as we came to learn, that was just the beginning of how the commercial real estate sector would stand to gain under President Trump’s tax overhaul.
New Jersey’s commercial real estate market was as dynamic as ever in 2017, thanks in large part to the health of the industrial and multifamily sectors. But we also saw developers and investors adapt to critical changes and challenges in the retail and office sectors.
A public- and private-sector alliance raised $6.5 million to renovate and modernize the Summit Community Center, which opened in 1954. Investors Bank, with the Investors Foundation, energized the fundraising and became the founding sponsor by providing a $250,000 grant.