Thank you for sharing!

Your article was successfully shared with the contacts you provided.

METROPOLITAN WASHINGTON, DC-From retail to office property, the greater Washington, DC real estate market has remained strong despite the lagging economy, and Brooklyn, NY-based Independence Community Bank Corp. has decided to get its piece of the pie. Independence, one of the leading financers for the multi-family mortgage sector in the greater New York area, has broadened its horizons by opening a new office in Maryland to cover the Metropolitan Washington, DC region.

The company has made plans to work jointly with mortgage brokerage firm Meridian Capital Group LLC, which has already established its presence in the thriving regional market. “Our business model for multi-family mortgage lending has utilized conservative appraisal and underwriting standards and efficient loan processing procedures,” Independence executive vice president for commercial real estate lending Gary Honstedt explains. “Working with Meridian, we look forward to bringing the same expertise that has made us a leader in New York to the dynamic Baltimore-Washington region.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.