Columbia Bank Outlines $16M Waldwick Project Loan

Columbia Bank provided a non-binding term sheet to finance construction and permanent lending for a 44-unit mixed-use project on Harrison Avenue in Waldwick. The proposed facility is up to $16 million with a 30-month construction term, one six-month extension, and a 10-year amortizing mortgage phase subject to underwriting and approvals.

Document date · September 2, 2026

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Scope & details

The full contract record, as filed.

Contract amount

Up to $16,000,000

Contract type

FINANCIAL_SERVICES

Contract term

Construction phase up to 30 months with one 6-month auto extension; mortgage phase 120 months after conversion

Renewal

Term sheet provides for a 6-month auto extension of the construction phase at the bank’s discretion and a rate reset after the first five years of the mortgage phase; future renewals or extensions would be subject to separate agreement.

Document type

AgendaPacket

Source document

Borough of Waldwick Special Meeting Agenda Packet 2026-09-08

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 September 2, 2026. The contract value is Up to $16,000,000.

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, 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 Special Meeting Agenda Packet 2026-09-08 (AgendaPacket), dated September 2, 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.

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