SHORT HILLS, NJ—Investors Bank's CommercialReal Estate Lending Group reports it has seen a continued robustpace of commercial mortgage financing deals during the firstquarter of this year and sees more of the same for at least thenext three months.


Senior Vice President and Head of CRE Lending JosephOrifice, said, “Based on our current financingprojections, which includes transactions in the pipeline, webelieve demand for commercial mortgage loans will remain strongthrough the first half of this year. We are also seeing abroadening of loan requests to include office property purchasesand more construction of multifamily housing as well as mortgagere-financings.”


The Short Hills, NJ-based firm adds that of late it has widenedits geographic reach by closing more transactions in Southern, NewJersey, the Hudson Valley region, and Long Island, NY as well aseastern Pennsylvania.


During the first quarter, the bank has closed 80 financingtransactions, ranging in value from $1 million to $47 million.Among some of its more sizeable transactions include: a$26.9-million, fixed rate commercial mortgage loan for the purchaseof a 102-unit multifamily property on Banner Avenue in Brooklyn, NYand a $25-million, fixed rate commercial mortgage to refinance a206,253-square-foot office building on South Street in Morristown,NJ,

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.