Oak Ridge, N.J. – September 14, 2021– Lakeland Bank was pleased to lead a $33,600,000 refinance loan for an assisted living and memory care community in Princeton, New Jersey.
“Over the last 18 months, we have seen significant players taking key strategic positions in the Northeast and we were very excited to play a part in this transaction,” said Roberto Camacho, Vice President of Healthcare Lending. “The Princeton Corridor, Trenton to Brunswick, doesn’t receive as much attention as the Greater New York or Greater Philadelphia markets, but the amount of opportunity private pay operators see is clear. As disruptive as COVID-19 has been to the Assisted Living vertical, it has also highlighted opportunities for families looking to have their loved ones in a nearby community or in one that successfully brands a clean and healthy living environment.”
Lakeland Bank’s Healthcare Banking experts are here to help by delivering customized solutions for unique challenges within the healthcare industry. Lakeland Bank’s Healthcare Banking offers comprehensive lending and treasury management solutions to organizations across the healthcare spectrum. Our experienced lenders utilize a relationship banking approach, allowing them to provide value in many different verticals to various businesses. We provide financial solutions to nonprofit organizations, hospitals, higher education, senior living facilities, private equity groups, medical office building buyers, real estate investment trusts, large medical practices, behavioral health and ambulatory/outpatient facilities.
Senior Vice President, Healthcare Lending
Vice President, Healthcare Lending
About Lakeland Bank
Lakeland Bank is the wholly-owned subsidiary of Lakeland Bancorp, Inc. (NASDAQ:LBAI), which has over $7.7 billion in total assets. With an extensive branch network and commercial lending centers throughout New Jersey and Highland Mills, N.Y., the Bank offers business and retail banking products and services. Business services include commercial loans and lines of credit, commercial real estate loans, loans for healthcare services, asset-based lending, equipment financing, small business loans and lines, and cash management services. Consumer services include online and mobile banking, home equity loans and lines, mortgage options and wealth management solutions. Lakeland is proud to be recognized as New Jersey's #1 Best-In-State Bank by Forbes and Statista, rated a 5-Star Bank by Bauer Financial and named one of New Jersey’s 50 Fastest Growing Companies by NJBIZ. Visit LakelandBank.com for more information.