Cadwalader Advises Cross River Bank on $288.5 Million Multifamily Seasoned Loan Securitization

Cadwalader represented Cross River Bank, a New Jersey state‑chartered, FDIC‑insured bank and Equal Housing Lender, serving as counsel to the bank in its first‑time CMBS issuance. The transaction was a rare private‑label seasoned loan securitization of 54 commercial real estate loans with an aggregate principal balance of $288.5 million. The loans were secured by a portfolio of 67 multifamily properties located across four states. Cadwalader represented Cross River Bank with a team composed by: partners Lisa Pauquette and Andrea Nixon, associates Knepley and Martese Johnson, and paralegal Sophie Nass, who advised the Cross River Bank on securitization matters. Cadwalader represented Cross River Bank with a team composed by: partner Kathryn Borgeson and associate Andrew Greenberg, providing bankruptcy support. Cadwalader represented Cross River Bank with a team composed by: partner Gary Silverstein and associate Margaret Leccese, providing tax support.

Cadwalader Advises Cross River Bank on $288.5 Million Multifamily Seasoned Loan Securitization

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