SHORT HILLS, NJ-Investors Bank has completed six, large multifamily financing transactions totaling more than $112 million and several smaller commercial real estate loans in the last two months.

“Our loan officers in New Jersey and New York are on track to close over 700 financing transactions in 2013,” said Joseph Orefice, who is the bank's director of commercial real estate lending.

The loans completed in the last 60 days are:

A $34 million fixed-rate mortgage to refinance a 132-unit, multifamily building in Philadelphia with 192,702 square feet.

A $22.5 million adjustable-rate mortgage to purchase a 79-unit multifamily property in Queens, NY, with 76,129 square feet.

A $17.5 million adjustable-rate mortgage to purchase a 65-unit multifamily property in Queens, NY, with 58,018 square feet of space.

A $14.25 million adjustable-rate mortgage to refinance multifamily buildings comprising 60 units in 72,754 square feet spread over various locations.

A $14.2 million fixed-rate mortgage to acquire a 43-unit multifamily building in Brooklyn, NY, with 43 units and 65,000 square feet.

A $10 million adjustable-rate mortgage to refinance multifamily properties with 137 units in 132,802 square feet in various locations.

Investors is based at 101 JFK Parkway, Short Hills, and has offices at 60 E. 42^nd Street in Manhattan, 910 Highway 71 in Spring Lake Heights, 81 Court Street in Brooklyn and at 31-33 31^st Street, Astoria, Queens.

Instant Insights /

Investors Bank Provides $112M in Mortgages in 60 Days

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