Mid Atlantic Real Estate Journal — Fall Preview — September 27 - October 10, 2013 — 13A


By David Orbach, Regal Bank Regal Bank’s “Community” Extends Far Beyond its Branches NNJ- M ulti - family F inance


Recent Projects Financed by Regal Bank $1,400,000 35 unit multi-family building LOCATION: East Orange, NJ $2,500,000 432 unit multi-family building LOCATION: Haddonfield, NJ $3,000,000 44 unit multi-family building LOCATION: Union City, NJ

wners and investors of income-producing commercial properties

move quickly to avoid costly delays and give you the most cost-effective results.” With an experienced lend- ing team in place, Regal Bank has the background and knowledge to evaluate a business’s asset conver- sion cycle and customize a cash flow solution. Where other banks are unable to say yes, Regal Bank often finds a way to extend the necessary financing that can help a business grow to the next level. “We understand the com-

plexities of multi-family lending to experienced op- erators. Whether it is an acquisition, refinance or a total rehab of an existing property, we have the skill set necessary to get the loan done,” Ehrenkranz added. “Our team’s extensive mar- ket expertise enables us to deliver competitive pricing and superior execution, get- ting you the most cost-effec- tive results,” McGuinness said. DavidOrbach is the chair- man of Regal Bank. n

multi-family building LOCATION: East Orange, NJ $775,000 15 unit 4 story walk up LOCATION: Jersey City, NJ $2,100,000 34 unit multi-family building LOCATION: Roselle, NJ $2,000,000 12 unit multi-family building LOCATION: Hoboken, NJ $1,000,000 13 unit walk up LOCATION: Passaic, NJ

David Orbach a r e o f t e n surprised to learn that one of north- e r n N e w J e r s e y ’ s most active multi-fam- ily lending specialists is a community bank head- quartered in Livingston. “Regal Bank is centrally- located with branch offices in Livingston, Roseland, Flo- rham Park, Millburn and West Orange. The territory we service, however, is far greater throughout the state,” said Thomas Lupo, president and chief executive officer for Regal Bank. In just six short years, Re- gal Bank has established a prominent reputation in the multi-family lending market. This is due in no small part to a number of features that are winning favor with borrowers. With non-recourse loans up to $4.5 million, Regal Bank ex- cels in the small loans space where the national big banks are not so aggressive. Add- ing to Regal Bank’s appeal is an advantageous mix of low interest rates, extended amortization and flexible pay- ment options. “Regal Bank may only be six years old, but our lend- ing staff has more than 100 years of lending experience combined,” said Brian Mc- Guinness, senior vice presi- dent and chief lending officer who specializes in mixed- used projects. “We are large enough to work on multi- million dollar loans with the personalized approach most people associate with smaller banks.” Rounding out the commer- cial lending team are: Monte Ehrenkranz, vice president of business development; Sean Howland, vice president and loan officer; and Richard Cimo, senior vice president and chief credit officer. “The lending market is high- ly competitive, so customer service becomes a big de- termining factor,” said Sean Howland, who specializes in gut rehab projects. “The entire process typically goes very smoothly with closings in 45 to 60 days on average. We

$1,410,000 27 unit

Specializing in multi-family, Regal Bank is ready to lend.

$2,500,000 432 unit multi-family building Haddonfield, NJ

$3,000,000 44 unit multi-family building Union City, NJ

$1,400,000 35 unit multi-family building East Orange, NJ

$1,410,000 27 unit multi-family building East Orange, NJ

•Non-recourse loans available up to $4.5 million • Low interest rates • Extended amortization • Flexible prepayment options

Livingston, Roseland, Florham Park, Millburn & West Orange (973) 716-0600 • regalbanknj.com

Equal Housing Lender. Equal Opportunity Lender. Member FDIC.

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