Rental Property Investor · White Plains, NY · Member since 2018 · 348 posts · 86 votes
I am 1031'ing into a 6 unit building in Bayonne, however, my bank currently doesn't offer commercial mortgages in New Jersey. Can anyone recommend a commercial lender for the Bayonne and Jersey City area? The loan would have to be in an LLC, not personal.
@Account Closed try elite 1031 they are very good, also M&T bank does a good deal of commercial business they are very responsive and easy to deal with, if you want my contacts info at M&T let me know, I'll send it on over
@Account Closed Try Ponce Bank. I use to be a Development Manager there before doing RE full time. I'd be more than happy to connect you with my contacts there. They are located throughout NYC, but I worked out of the Union City branch, NJ branch.
I’ve used Glen Rock Savings Bank to refinance some of my mixed use properties in East Orange and Newark. Very Responsive and a pleasure to work with. Dave Zurheide is the VP Commercial Lending. PM me and I’ll share his contact info. I also have used Valley Bank and Bogotá savings Bank. Let me know if I can be of any further help.