Real Estate Investor · Maplewood, NJ · Member since 2017 · 127 posts · 47 votes
Hi BP Community,
I wanted to see if anyone has a recommendation on who to bank with, in the North Jersey area. I'm looking for a place to hold security deposits, expense account, and savings account for the property. Originally I was thinking about a small community bank to start building a long term relationship but I would be interested to hear people's opinions on this.
I already have accounts with Chase, TD, and Cap One 360, so if any of those are good for this let me know as well.
Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
7y
TD has a lot of good programs. If you’re looking for a smaller bank, I love working with SB One (formerly Sussex Bank). If you prefer a credit union, I would go with Affinity.
Real Estate Investor · Maplewood, NJ · Member since 2017 · 127 posts · 47 votes
7y
@Jessica Zolotorofe thanks for the recommendations. I heard mixed reviews about TD, but will look into it a little more. I only have personal accounts with them so maybe they have other programs I never looked into. Never heard of SB One, I'll have to check it out. I want to work with a small bank just to begin developing a relationship with them for portfolio loans, Refis, lines of credit, etc. Thanks again for the input.
Attorney · NJ · Member since 2016 · 1k+ posts · 794 votes
7y
I can put you in touch with a guy at TD that handles our smaller business (loans up to a million). He does lots of multi-family, mostly in the lending area, but he can definitely set you up with the right people so you get some personal attention. His office is in Bergen County, too.