Investors Bank’s CRE Lending Group closed a flurry of transactions during the final weeks of 2014.
By negotiating 17 larger financing transactions and a number of smaller deals at year-end, the CRE Lending Group increased its loan portfolio by more than $400 million.
And, by building and expanding its relationships in the commercial real estate and multifamily housing sectors, Investors has provided a record of more than $2.2 billion in financing between January and December of last year.
The properties include multifamily housing, office and mixed-use buildings, shopping centers, warehouses and light industrial facilities.
By broadening its geographic reach, the bank now serves a region that extends from Maryland in the south to Eastern Pennsylvania, New York and Hartford, Conn.
“Our unit’s success is based on many factors including the ability to keep the commitments we make to our customers, and by giving the senior lending team the flexibility to structure the loan,” said Investors Bank’s Head of CRE Lending Joseph Orefice. “Also, we foster a winning ‘can do’ approach to getting deals prepared, reviewed and done on time.”