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Cross River Bank Executes $288.48M CMBS Loan Sale For 59 Performing Commercial Mortgage Loans

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FINANCED
$288,484,105

New York

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MultiFamily
Financed 12/01/2025
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Property Image
FINANCED

Cross River Bank Executes $288.48M CMBS Loan Sale For 59 Performing Commercial Mortgage Loans

MultiFamily
Financed 12/01/2025
the dealplayerscompscontact
Contact now

Summary

Asset Type:MultiFamily
Transaction Type:Loan

The transaction involves a CMBS loan sale executed by Cross River Bank, which includes a portfolio of 59 performing commercial mortgage loans. This portfolio focuses on seasoned, community bank-originated loans concentrated in the Tri-state area and carries a total transaction value of $288,484,105. It is significant as the first of its kind for Cross River and only the second CMBS securitization backed by community bank-originated loans.

Summary of transaction details:

  • Property Type: CMBS Portfolio – Mixed CRE Collateral
  • Transaction Amount: $288,484,105
  • Loan Count: 59 Loans
  • Seller: Shimon Eisikowicz & Bhavik Khatri – Cross River Bank
  • Date of Transaction: 12/02/2025
  • Markets: New York, New Jersey & Connecticut

This transaction underscores Cross River Bank’s strategy to actively manage its commercial real estate balance sheet while capitalizing on secondary loan market opportunities. The loan originator for this deal is Cross River’s CBG (Commercial Banking Group), which plays a crucial role in facilitating access to high-quality commercial real estate credit for institutional investors.

Players

Shimon Eisikowicz
Cross River Bank
Shimon Eisikowicz
3 deals$359.4M volume
ORIGINATOR
Cross River Bank
Cross River Bank
ORIGINATOR

Details

FINANCED
IMAGE: Shimon Eisikowicz & Bhavik Khatri DATE: 12/2/2025 MARKET: Brooklyn ASSET TYPE: Multifamily LOAN ORIGINATOR: Cross River’s CBG (Commercial Banking Group) LOAN AMOUNT: $288,484,105 LOAN TYPE: Cmbs loan sale NOTE: The transaction represents a CMBS loan sale executed by Cross River Bank involving a portfolio of 59 performing commercial mortgage loans, and is the first of its kind for Cross River and only the second CMBS securitization backed by seasoned, community bank-originated loans concentrated in the Tri-state area. The sale reflects Cross River’s ongoing strategy to actively manage its commercial real estate balance sheet and capitalize on opportunities within the secondary loan market. The portfolio is secured by a diverse mix of commercial real estate assets concentrated across the Northeast and carries a total transaction value of $288,484,105. Summary of transaction details: Property Type: CMBS Portfolio – Mixed CRE Collateral Transaction Amount: $288,484,105 Loan Count: 59 Loans Seller: Shimon Eisikowicz & Bhavik Khatri – Cross River Bank Date of Transaction: 12/02/2025 Markets: New York, New Jersey & Connecticut This transaction highlights Cross River Bank’s continued focus on strategic loan distribution, providing institutional investors with access to high-quality CRE credit while optimizing the bank’s balance sheet. Learn more at crossriver.com/banking/commercial-real-estate

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$288,484,105.00

Monthly NOI$1,923,227.37
Monthly Debt Service$1,823,415.78
Change in Cash Flow$0.00
Refinance Proceeds$0.00