Cross River Bank, a New Jersey State chartered FDIC-insured bank says that its Commercial Banking Group (CBG) has closed more than $1 billion in financing over the past 12 months.
Cross River reports that funding has been spread across 65 loans nationwide, the deals ranged from $380,000 to $50 million, supporting real estate businesses of all sizes. The bank describes the milestone as a significant event delivering solid year over year growth. Its portfolio includes multiple asset classes including, multifamily, retail, commercial, mixed-use, office, warehouse, industrial, senior housing and skilled nursing facility, and construction.
The bank adds that by combing tech and banking expertise it helps businesses success while maintaining strong credit quality.
Shimon Eisikowicz, EVP and Chief Lending Officer at Cross River, commented:
“We continue to transform bank lending with the strength of our diverse portfolio and commitment to credit integrity which is reflected in our enduring progress and client’s growth.”
