Valley Bank lends $3.5 million to refi 25,000 sq. ft. medical office building in Fair Lawn

Feb 16, 2026 | Featured, Health Care & Life Sciences, Office

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By Joshua Burd

The owner of a nearly 25,000-square-foot medical office building in Fair Lawn has closed on a new $3.5 million commercial mortgage with Valley Bank, the lender announced last week.

According to a LinkedIn post by Christopher Coiley, the bank’s regional president for commercial real estate, the deal supports the refinance of the property and expands its deposit relationship with the undisclosed borrower. The updated financing structure reduced debt service, improved cash flow and provided long-term stability, allowing the client to focus on continued portfolio growth while strengthening its ties to the Morristown-based lender.

Valley’s Jamie Payne and Chris Hawkswell spearheaded the origination team, which included Lending Specialist Celmira Nasuto and Underwriter Yon (Paul) Choi.

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Joshua Burd

Joshua Burd, an award-winning reporter and editor, has been covering New Jersey commercial real estate for 13 years. Many industry leaders view him as the go-to real estate reporter in the state, a role he is eager to continue as the editor of Real Estate NJ. He is a lifelong New Jersey resident who has spent a decade covering the great Garden State.