News: Brokerage
Posted: November 24, 2014

Investors Bank finances two multifamily properties totaling $45.1 million

Investors Bank's CRE lenders completed the following financing transactions for multifamily housing properties totaling $45.1 million: * $30 million, fixed-rate loan to refinance the commercial mortgage on Colonnades Apartments that has 560 units covering 557,200 s/f in Newark. * $15.1 million, fixed-rate mortgage loan to purchase a multifamily building with 75 units covering 213,425 s/f in Wilmington, DE.
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