Investors Bank CRE Lending Group completes $206.9 million in mortgages

Investors Bank CRE Lending Group has originated $206.9 million worth of commercial real estate mortgages in a range of sectors during the first four months of this year. The deals include following loans: * $49.5 million adjustable rate mortgage (ARM) to purchase a 349,560 s/f, multifamily housing property with 395 living units in Alexandria, VA. * $40 million ARM to refinance a 756,781 s/f, shopping center in Ocean Township, NJ. * $34.9 million to refinance the fixed rate commercial mortgage on a 401,242 s/f, multifamily property in Neptune City, NJ. * $18.4 million ARM to refinance a 119,689 s/f, retail property in Oaks, PA. * $16.4 million fixed rate mortgage to refinance a 256,892 s/f, multifamily building with 268 living units in Matawan, NJ. * $13.7 million fixed rate mortgage to refinance 265,600 s/f of multifamily properties with 278 living units in Wilmington, DE. and Boothwyn, PA. * $13.2 million ARM to refinance the commercial mortgage on 346,137 s/f of retail space in Springfield, PA. * $10.8 million ARM to refinance a 109,500 s/f, multifamily building with 60 living units in Philadelphia, PA. * $10 million ARM to refinance the commercial mortgage on a 43,770 s/f, retail space in Lower Providence Township, PA.