4 — September 2025 — Fall Preview — M id A tlantic Real Estate Journal
www.marej.com
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Expanding lending solutions across New Jersey Spencer Savings Bank now offering loans up to $25 Million on commercial properties
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pencer Savings Bank is proud to announce the continued expansion
including medical office, retail, warehouse, multifamily, and mixed-use properties. What sets Spencer Commer - cial Real Estate Lending apart are our competitive terms and streamlined lending process. We are a true relationship bank — and we mean it. Many of our commercial real estate cus- tomers continue to grow their relationship with Spencer, a testament to the trust and success we’ve built together. From start to finish, we focus on long-term partnerships, not just transactions. Our banking solutions are
comprehensive. In addition to in-person service through our local branch network, we offer a full suite of online and mo- bile banking tools to meet the evolving needs of our business clients. Spencer’s Commercial and Industrial (C&I) lending program is also gaining strong traction. We provide owner- occupied commercial mortgages and lines of credit secured by business assets, supporting the financial growth of busi - nesses across the communities we serve. Recent loan closings high- light our diverse portfolio and
ability to execute on a wide range of property types. No- table transactions include: • A $9,240,000 acquisition loan for a 58,000 s/f. Class A, multi-tenant medical office building in Morris County, NJ • A $9,525,000 acquisition loan for a 56-unit multifamily property in Essex County, NJ • A $4,950,000 refinance of a 59,000 s/f. warehouse/flex office property in Cumberland County, NJ • A $7,200,000 ground- up construction loan for an 18-unit apartment building with two retail spaces, also
in Morris County At Spencer Savings Bank, we remain deeply committed to supporting the communities we serve. Whether you’re expand- ing your real estate portfolio or growing your business, we invite you to experience the Spencer difference — where strong rela- tionships drive smart lending. Dana Berlin serves as the Senior Vice President and director of Commercial Real Estate Lending at Spencer Savings Bank. MAREJ Spencer Savings Bank strengthens New Jersey team ELMWOOD PARK, NJ — Spencer Savings Bank an- nounced the addition of four new lenders in the commercial bank- ing lending division – Carlos Carvajal, Eric Wong, Robert Ross and Joseph Arnone . Carlos Carvajal joins the team as VP, CRE Lending Client Manager. Carvajal is a seasoned banking professional with almost 30 years of com - mercial banking experience in the financial services indus - try. Prior to joining Spencer, he held the title of VP, CRE Lending Portfolio Manager at a multinational bank. Eric Wong joins the team as VP, Commercial and Industrial Lending Relationship Manager. Wong has more than 35 years of experience in commercial bank- ing. Prior to joining Spencer, he held various leadership posi- tions at national, regional and community banks. Most recently he held the position of senior VP and Senior Relationship Man- ager at a community bank. Joseph Arnone joins the team as VP, Commercial And In - dustrial Lending Relationship Manager. Arnone has almost 20 years of experience in busi - ness banking. Most recently he was a Senior Business Banking Relationship Manager and VP at a national bank. Robert Ross joins the team as VP, Commercial And Industrial Lending Relationship Manager. Ross has a strong background with over 20 years of experience in commercial banking helping businesses grow. He has held a variety of senior leadership roles in the financial services industry at various national, regional and community banks. Most recently, he was a VP, senior relationship manager at a national bank. MAREJ
of its Lend- ing Products Division. We are now ac- tively provid- ing ground- up construc- tion loans for multifamily and mixed-
use properties throughout New Jersey, with loan amounts up to $25 million. In addition, our permanent loan offerings cover a broad range of asset classes Dana Berlin
COMMERCIAL REAL ESTATE LENDING Secure Your Next Deal with Spencer! From application to closing, we take relationship banking to the next level. We offer ground-up construction loans for multi-family projects. Our lending also includes medical office, retail, warehouse and mixed-use properties. SPEAK WITH A LENDING SPECIALIST TODAY! +>> Dana Berlin SVP, Director of CRE Lending • (201) 703-3807 I {; DBerlin@spencersavings.com
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♦)) SPENCER SAVINGS BANK SLA
Member FDIC LENDER
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