Economic Development Authority | State of New Jersey Awards Financial Services Contract to Cross River Bank (June 2020)
Economic Development Authority | State of New JerseyState · Trenton, NJ- Disclosed value
- $3,465,000 Cross River Bank loan with a $1,540,000 EDA participation
- From minutes
- Approved
- Jun 9, 2020
The 30-second brief
Through the Premier Lender Program, Cross River Bank provided a $3,465,000 loan with $1,540,000 NJEDA participation to 1885 Swarthmore Ave LLC for property acquisition in Lakewood Township, Ocean County. The financing supports real estate investment and business development at the site.
Cross River Bank holds this financial services contract with Economic Development Authority | State of New Jersey. Its other public contracts on record include work for Sheboygan County and June Lake Fire Protection District.
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Contract details
- Contract type
- Financial Services
- Amount
- $3,465,000 Cross River Bank loan with a $1,540,000 EDA participation
- Document date
- June 9, 2020
- Vendor
- Cross River Bank
- Source document
- nj-economic-development-authority-meeting-minutes-june-9-2020_e9b.pdf (Minutes)
Cross River Bank's other public contracts
More Economic Development Authority | State of New Jersey contracts
Questions about this contract
Who was awarded the financial services contract by Economic Development Authority | State of New Jersey?
Cross River Bank was awarded this financial services contract by Economic Development Authority | State of New Jersey, as recorded on June 9, 2020. The contract value is $3,465,000 Cross River Bank loan with a $1,540,000 EDA participation.
How much is the Cross River Bank contract with Economic Development Authority | State of New Jersey worth?
The Cross River Bank contract with Economic Development Authority | State of New Jersey is valued at $3,465,000 Cross River Bank loan with a $1,540,000 EDA participation, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in nj-economic-development-authority-meeting-minutes-june-9-2020_e9b.pdf (Minutes), dated June 9, 2020 from Economic Development Authority | State of New Jersey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Cross River Bank hold?
Cross River 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.
What is Economic Development Authority | State of New Jersey currently buying?
Explore Economic Development Authority | State of New Jersey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.