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Cross River Bank completes landmark $288M transaction
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Cross River Bank completes landmark $288M transaction
Cross River Bank announced a milestone deal Dec. 8: a $288 million commercial mortgage-backed securities transaction. The Fort Lee-based bank said the securitization converts a seasoned pool of commercial real estate loans into bonds purchased by a range of institutional investors, which Cross River says broadens its funding base and frees balance-sheet capacity to support continued loan origination. “This transaction is a major step forward in …
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