AT A GLANCE
1455 Valley Road
Wayne, NJ 07470
Year founded: 1927
Number of banking or lending professionals involved in New Jersey commercial real estate: 25
Areas of expertise in commercial real estate: We pride ourselves on being flexible and open-minded with emphasis on trying to meet the full banking needs of our customers and our community.
Valley represents a diverse community of commercial real estate investors and developers. Our focus has been more building strong relationships with clients, whether they are small commercial real estate owners and investors or some of New Jersey’s largest commercial real estate developers. One of the things we’re most proud of is that we’ve been able to grow with our clients along the way, sharing in many successes throughout the years.
We are in an extremely competitive market, and with that comes lots of banking options. What distinguishes Valley is our commitment to relationships. You hear a lot of banks say they’re a “relationship bank,” but very few can show people what that means. We can through the lens of so many clients we have been working with for not just years, but decades even. The reason we have been able to cultivate such strong relationships is because of our responsiveness, our focus on meeting our clients’ needs and being able to execute for our Borrowers. Although we have grown to over $50 billion in assets, we are a very rare type of bank that can provide the products and services of a large bank with the nimbleness and local knowledge of a community bank.
ON THE HORIZON
Although many consider our footprint to be key parts of the New Jersey/New York metro area, we have the capabilities to scale with our customers nationally. That means Valley will continue to grow as our customers grow. So, if our clients want to expand across state lines, whether it’s in the Northeast or other parts of the country, we will be there for them.
One of the best parts of the work we do is getting to customize solutions for our clients. What that means is we understand that every business and situation is different and requires different approaches. A recent example is with a $59 million loan we closed, which was a hybrid land acquisition/refinance facility. The client used the funds to purchase a 26-acre vacant lot and also refinance the adjacent, multi-tenanted industrial building, which is located in Bergen County, NJ. The existing cash flow from the industrial building will support the entitlement process and allow for a future to-be-developed Class A industrial asset.