Call us today. We'll see you tomorrow.
As your community bank for 80 years, we know how important financing can be to
the success of your business. Our goal is to make the lending process as simple as possible, so you'll receive personalized attention from experienced banking professionals in your neighborhood. Whether you're just starting out or expanding an existing business, we have the products and services that will work for you.
Here are some of the ways we can work with you:
Specialists in -- Multi-family Properties, Mixed-use Properties, Cooperative Building Loans, Commercial & Industrial Lending, Construction Financing, Equipment Financing, Equity Financing, Business Acquisition
Rates -- Fixed or floating, we can do both. Each situation is evaluated on its own merits. We price loans based on most of the well-known, major indices such as Libor, Federal Home Loan Bank, etc. The rate depends on each particular property. We constantly survey the market to ensure we are highly competitive with all area lenders. Find out how we can work with you:
Property Types -- Apartments (5+ units), Industrial, Flex Space, Office, Retail, and many others
Loan Size -- $1,000,000 to $20,000,000, we can do it; we can even arrange loans of higher amounts through a strong syndicate of participating banks
Terms -- 12 months to 10 years
Amortization -- Generally up to 20 years; in some cases 25 years is permissible
Loan-to-Value -- Varies by property type, most up to 75%
Debt Service Coverage -- Generally at least 1.25x
Recourse -- We offer both recourse and non-recourse programs; non-recourse generally requires property leverage less than 50% and strong long term viability
Location -- NY, NJ, CT, MA, NH, PA
Call today!
Steven Luciano, SVP, Chief Lending Officer
(914) 821-1465