Amboy Bank Provides $51M Financing for Former NFL Player Turned Developer

OLD BRIDGE, NJ—Amboy Bank and K Johnson Enterprises, a real estate and business development company founded and led by former NFL player Kevin Johnson, have closed on a sequence of construction loans totaling $51 million for the development and construction of more than 400,000 square feet of retail and medical office space as part of Johnson’s existing Team Campus development in Bordentown, NJ.

This loan is the third to K Johnson from Amboy Bank. Amboy Bank previously provided $10 million to finance Team 85 Fitness and Wellness, K Johnson’s 120,000 square-foot fitness center in Bordentown, which provides local community members a one-stop shop to meet their fitness, sports, family, and wellness needs. K Johnson also received two additional loans from Amboy Bank totaling more than $40 million to develop medical building complexes, also on the Team Campus in Bordentown.

“Throughout our 130-year history as an independent bank, we have never lost sight of the fact that partnering with inventive individuals based in our own local communities boosts our success and creates a positive impact across New Jersey,” says Gregory Scharpf, president and CEO of Amboy Bank. “Having worked with Kevin since 2014, he has clearly demonstrated his commitment to his clients and his community, and we are pleased to provide support in this next venture.”

“Our relationship with Amboy Bank has grown into a true partnership,” says Johnson. “They continue to see the opportunity, believe in my vision and invest with me to better the Bordentown community. We’ve come a very long way together and intend to further strengthen that relationship well into the future. I look forward to beginning this next great project.”