FINANCIAL_SERVICESPENDING

Columbia Bank Proposes Loan For Waldwick Project

Columbia Bank issued a non-binding term sheet proposing up to $16 million in construction and permanent financing for the Harrison Avenue Redevelopment mixed-use project in Waldwick. The structure includes a 30-month construction loan at WSJ Prime plus 0.25% and a 10-year mortgage phase, subject to value, cost, and DSCR constraints.

Status
PENDING
Document date
August 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Columbia Bank
Agency
Borough of Waldwick · NJ

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Up to $16,000,000; initial funding approximately $2,208,500; exit fee 1.00% if refinanced
Contract type
FINANCIAL_SERVICES
Contract term
Construction phase up to 30 months with one 6-month auto extension; mortgage phase 120 months from conversion with 360-month amortization
Renewal
Construction phase includes one 6-month auto extension at the bank’s discretion; permanent phase features 5-year rate resets and a step-down prepayment penalty schedule.
Document type
AgendaPacket
Source document
Borough of Waldwick AgendaPacket Special Meeting 2026-08-25

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Waldwick?

Columbia Bank was awarded this financial services contract by Borough of Waldwick, as recorded on August 25, 2026. The contract value is Up to $16,000,000; initial funding approximately $2,208,500; exit fee 1.00% if refinanced.

How much is the Columbia Bank contract with Borough of Waldwick worth?

The Columbia Bank contract with Borough of Waldwick is valued at Up to $16,000,000; initial funding approximately $2,208,500; exit fee 1.00% if refinanced, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Borough of Waldwick AgendaPacket Special Meeting 2026-08-25 (AgendaPacket), dated August 25, 2026 from Borough of Waldwick. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Columbia Bank hold?

Columbia Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Columbia Bank's profile

What is Borough of Waldwick currently buying?

Explore Borough of Waldwick's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Borough of Waldwick's profile

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