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  Elizabeth Financial Center Closing
Our Elizabeth Financial Center will be closed Saturday, April 13th, Monday, April 15th and Tuesday, April 16th due to Financial Center repairs. This location will reopen on Wednesday, April 17th. Read More

For your convenience, please visit one of the following full-service locations during this time:

Union Financial Center
1350 Galloping Hill Rd.
Union, NJ 07083
908-289-1770

Cranford Financial Center
213 South Avenue
Cranford, NJ 07016
908-653-1720

Account information can also be accessed 24/7 through our online banking, mobile banking and telephone banking platforms. We apologize for the inconvenience.

Construction Loan

Starting a construction project can be a very significant undertaking. Take some weight off your shoulders by partnering with Spencer for a commercial construction loan. Spencer specializes in construction financing and will work with you to custom tailor your loan. Our lending expertise and local decision making translate into an expedient and hassle-free borrowing experience. We offer financing for multi-family properties. See just how easy it is to grow your business with Spencer!

We work with real estate developers in New Jersey to provide construction loans with financing amounts up to $15 million and terms from 6 months to 2 years. Financing is available for multi-family 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 construction loan that’s right for you.

Recently Closed Transactions
$7,300,000
29 Units/Apartment Bldg.
Construction Loan
Upper Manhattan, NY
$2,500,000
13 Unit Retail/Apartment Bldg.
Construction Loan
Passaic, NJ
$3,400,000
19 Units/Apartment Bldg.
Construction Loan
Hamilton, NJ
$8,600,000
127 Units/Apartment Bldg.
Construction Loan
Philadelphia, PA

Contact Us Today

Michael Claisse

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

Maria Seretis

VP/Assistant Director of CRE Lending 1-201-703-3800 ext. 8441