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Investors Bank completed commercial real estate (CRE) lending transactions valued at nearly $940 million during the third quarter of 2021. During the time period, Investors senior lenders structured 29 CRE loans valued at more than $10 million each. The commercial real estate properties and projects are located in New Jersey, New York City and the greater Philadelphia market. In announcing the lending activity, Investors’ Executive Vice President and Head of the CRE Lending Group, Joseph Orefice said, “We’re ready to serve existing and new clients by providing competitive rates and excellent lending products. Our view is that New York City’s multifamily housing market has bounced back over the last six months, and we’re seeing good opportunities for lending to this sector.” Orefice added: “Industrial properties are hot tickets, and we’re seeing improving demand for modern spaces that offer a more diverse retail experience plus a variety of dining and entertainment options as well. “We’re on target for an exceptional year,” he concluded, “and our lending team expects to complete 2021 with solid increases in loan growth.” Here is the rundown of the bank’s CRE financing transactions for properties in New Jersey, New York and Pennsylvania. New Jersey: • A $31 million loan to refinance the mortgage on a 224,450-square-foot multifamily housing property in Hardyston with 240 residential units. • A $31 million loan to acquire a 263,694-square-foot commercial office building in Iselin. • A $27.4 million loan to refinance the mortgage on a 107,453-square-foot multifamily housing building with 120 residential units in Plainfield. • A $17 million loan to refinance the mortgage on a 117,713-square-foot multifamily housing property with 119 residential units in Mahwah. • A $17 million loan to construct a 140,282-square-foot mixed-use property in South Orange. When completed, the building will house 111 residential units and five commercial spaces. • A $15.1 million loan to refinance the mortgage on a 67,079-square-foot medical office in Monroe Township. New York City • A $22.7 million loan to construct a 40,261-square-foot multifamily housing property in Long Island City. When completed, the property will house 65 residential units. • A $19 million loan to refinance the mortgage on a 259,398-square-foot multifamily housing property with 266 residential units in Bayside, Queens. • A $17 million loan to refinance the mortgage on a mixed-use cooperative building with 247 residential units and five commercial spaces in Manhattan. • A $12.75 million loan to refinance the mortgage on a 140,370-square-foot mixed-use property with 199 residential units and one commercial space in Manhattan. Pennsylvania: • A $37 million loan to refinance the mortgage on a 333,298-square-foot multifamily housing property with 288 residential units in Camp Hill. • A $13.5 million loan for the acquisition of a 40,204-square-foot multifamily housing property with 77 residential units in Philadelphia. To speak directly with Investors Bank about CRE financing, please contact: • Joseph Orefice, New York City office, at 646-358-8381 • Andrew Markey, Short Hills, N.J. office, at 973-522-3837 • Marc Katz, New York City office, at 646-358-8382.