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  Coronavirus Update

We are offering a SBA Paycheck Protection Program to support our business customers. Read More

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. Among other forms of economic aid, the CARES Act provides businesses affected by COVID-19 with special assistance programs. One such Small Business Administration (SBA) program is the Paycheck Protection Program, which assists businesses with job retention and specific expenses. Spencer Savings Bank is proud to partner with FOUNTAINHEAD Commercial Capital / Small Business Finance, a top national SBA lender, to offer the Paycheck Protection Program for businesses in need. Click on the link below to fill out our short internal application form. After completing the form you will be directed to Fountainhead’s website with more information. Internal Application

When completing the application, on the Fountainhead website, please indicate Spencer Savings Bank as the FastTrack Partner, and PaycheckProtectionProgram@SpencerSavings.com as the Referral Partner’s email address.

Commercial Mortgage

We know that no two investment real estate properties are the same which is why our NJ/NY commercial loans and financing programs are unique to address your specific asset. Spencer provides investment property financing for acquisition as well as refinancing of existing investment property loans. At Spencer, we offer financing for multi-family and commercial properties. Our well-seasoned staff has the knowledge and expertise to help you with the financing needed for stabilized properties, purchases or development of investment properties.

We work with real estate owners and developers in New Jersey, New York City and Eastern Pennsylvania to provide permanent commercial mortgages with loan amounts ranging from $1 million to $20 million with terms from 5 to 10 years. Financing is available for multi-family, medical office, industrial, retail and mixed-use properties. Spencer offers competitive pricing, local decision-making and service excellence.

A Spencer commercial real estate lender can help explain the various financing options and help customize a commercial mortgage that’s right for you.

Recently Closed Transactions
$19,000,000
Two Buildings/8 Tenants
Commercial Mortgage
Clifton, NJ
$3,745,000
Retail Shopping Center
Commercial Mortgage
Amityville, NY
$9,000,000
Retail Shopping Center
Commercial Mortgage
Langhorne, PA
$6,500,000
Industrial/Warehouse/15 Tenants
Commercial Mortgage
Hillburn, NY
$3,000,000
19-Unit Retail/Apartment Building
Commercial Mortgage
Passaic, NJ
$2,500,000
13-Unit Retail/Apartment Building
Construction Loan
Passaic, NJ

Contact Us Today

Michael Claisse

SVP & Director of CRE Lending 1-201-703-3800 ext. 8344

David DeNooyer

VP & Team Leader 1-201-703-3800 Ext. 8349