Cross River’s Commercial Banking Group fuels growth with over $1B in CRE financing

Fort Lee-based Cross River Bank on Monday said its Commercial Banking Group (CBG) has closed more than $1 billion in financing over the past 12 months. Spread across 65 loans nationwide, the deals ranged from $380,000 to $50 million, supporting real estate businesses of all sizes, as well as various asset types.

“With a forward-thinking strategy focused on leveraging technology, and structuring and syndicating solutions for our clients, our team has achieved incredible success surpassing $1 billion in financing,” Shimon Eisikowicz, EVP and chief lending officer at Cross River said. “We continue to transform bank lending with the strength of our diverse portfolio and commitment to credit integrity which is reflected in our enduring progress and client’s growth.”

This milestone builds on the CBG’s year-over-year growth. The financing speaks to the Group’s strategic approach to portfolio diversity, supporting multiple asset classes including, multifamily, retail, commercial, mixed-use, office, warehouse, industrial, senior housing and skilled nursing facility, and construction.