FINANCIAL_SERVICESPENDING

ConnectOne Bank Offers Construction Financing Proposal

ConnectOne Bank provided a soft quote to Harrison Avenue Redevelopment Urban Renewal LLC for up to $17 million in construction financing for the Harrison Avenue mixed-use project in Waldwick. The proposed facility would be a 24-month interest-only loan tied to WSJ Prime plus 0.25%, contingent on a 30-year PILOT and full-recourse guarantees.

Status
PENDING
Document date
August 25, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Connectone 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
Loan Amount: Lesser of $17,000,000 or 65% LTC or 60% LTV, subject to 1.25x DSCR
Contract type
FINANCIAL_SERVICES
Contract term
24 months interest-only with 6-month extension option
Renewal
Proposal includes a single 6-month extension option subject to standard conditions; not a binding commitment and would require formal approval and closing.
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?

Connectone Bank was awarded this financial services contract by Borough of Waldwick, as recorded on August 25, 2026. The contract value is Loan Amount: Lesser of $17,000,000 or 65% LTC or 60% LTV, subject to 1.25x DSCR.

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

The Connectone Bank contract with Borough of Waldwick is valued at Loan Amount: Lesser of $17,000,000 or 65% LTC or 60% LTV, subject to 1.25x DSCR, 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 Connectone Bank hold?

Connectone 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 Connectone 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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