Area of Interest:
Spencer Savings Bank provides a full range of financing options for property types ranging from multi-family to commercial (including mixed-use, retail, medical office, flex/warehouse, and industrial) as well as construction loans (rental units and smaller for sale residential properties). We also provide financing and refinancing options for smaller sized 1-4 family investment properties. Our well-seasoned staff has the knowledge and expertise to help power financing needs for stabilized properties, purchases, or development of investment properties. We at Spencer are cognizant of the financial difficulties that have occurred in 2020 and have strived to provide our current consumers with needed relief, while welcoming new financing opportunities for both existing and new clients.
Who is your target market?
The credit quality of Spencer’s $2.4 billion loan portfolio has helped make it one of NJ’s strongest community banks, resulting in growth that expands well beyond our brick-and-mortar footprint. Headquartered in North Jersey, the bank has a proven track record of helping real estate investors and developers throughout New Jersey, as well as across the tri-state area. Our target customer consists of medium-to-large size real estate developers and owners within this market area.
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