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Regal Bank is a Local Force in Multi-Family Lending

Community bank ready to finance projects up to $4.5 million

Regal Bank is quickly establishing a reputation in northern New Jersey for multi-family financing terms that are hard to beat. With non-recourse loans available up to $4.5 million, more and more multi-family investors are turning to Regal Bank for acquisition, refinancing, renovations and loan modifications.

"We are fairly well known in the marketplace for our competitive pricing, professionalism, and quick execution on loans," said Sean Howland, Vice President of Commercial Real Estate Lending for Regal Bank. "In the past our typical niche has been smaller commercial deals in the $1 million to $1.2 million range. Today, we are ready, willing, and able to lend qualifying investors up to $4.5 million. Regal Bank is ready to deal."

Regal Bank is a local lender, which could make all the difference in your borrowing experience.

"The lending market is highly competitive, so customer service becomes a big determining factor. Investors who choose Regal Bank get the options and service they deserve," Howland continued. "As a smaller, community-based bank, our loan process is simplified. If you have questions or want to check on the status of your loan, you can call and speak directly with me, or one of the processors involved with your loan. All without any hassles or surprises."

Regal Bank's income property experts utilize their collective experience, knowledge and creativity to identify the best financing solutions for each situation. Whether you’re seeking to secure financing with the greatest proceeds, the lowest interest rate, the longest amortization, or the most flexible prepayment options, Regal Bank can match your investment goals.

"I've been doing this since the late '80s so I know the industry and the north Jersey markets," Howland added.

Recent Transactions

Recently, Regal Bank financed a five-story, 19-unit multi-family building in Hoboken, NJ.
Investors borrowed $2 million on a $2.75 value at 3.75% non-recourse for five years, with a 30-year amortization schedule.

Investors in Union City chose Regal Bank for a $775,000 loan on a $1,035,000 purchase price to buy a 15-unit, four-story walk-up. Terms for the non-recourse loan were 3.625% for five years.

Multi-Family Investments Have a Promising Future

Multi-family housing could well prove a sound investment for aspiring landlords in northern New Jersey. According to Howland, it is an income opportunity with a favorable outlook.

"The recent economic downturn has proven that the value of multi-family dwellings here holds steady. Here in northern New Jersey, where areas are fully developed, new supply is very limited. With continued uncertainty about home prices, the demand for rentals remains strong. That means property values hold up very well," Howland said.

For investors, this could be the right time to refinance an existing balance or tap into your building's equity. The current buyer's market could also present an ideal opportunity to expand upon a current portfolio of rental properties and be well-poised for the real estate rebound.

Headquartered in Livingston, New Jersey, Regal Bank serves northeastern New Jersey including Bergen, Hudson, Middlesex, Somerset, Essex and eastern Morris Counties. Additional information is available at,, or at 973-716-0600.