CHERRY HILL, N.J., April 25, 2016 /PRNewswire/ -- TD Bank,
America's Most Convenient Bank®, announced today that
its Commercial Real Estate (CRE) Group closed more than 300
transactions totaling $5.1 billion in commitments in
2015, highlighting the continued demand for TD's range of real
estate financing products and the continued strength of the
commercial real estate sector.
"Steadily improving economic conditions have supported continued
demand for commercial real estate financing, particularly in the
housing sector," said Gregg Gerken, Senior Vice President, TD
Bank Group, and Head of U.S. Commercial Real Estate Lending at TD
Bank.
Through its lending commitment for low-income housing tax
credits, new markets tax credits, and "80/20" financing, in 2015
TD's CRE team also closed 35 transactions totaling more
than $626 million in commitments to
support local communities from Maine to Florida.
"Our most recent CFO Survey found that more than a quarter of
respondents anticipate allocating capital to new facilities in
2016, so we expect this trend to continue over the next 12 months,"
Gerken said. "We're excited to be a part of this growth and look
forward to partnering with companies to provide flexible financing
solutions to meet their commercial real estate needs."
About TD Bank, America's Most Convenient
Bank®
TD Bank, America's Most Convenient Bank, is one of the 10
largest banks in the U.S., providing more than 8 million customers
with a full range of retail, small business and commercial banking
products and services at approximately 1,300 convenient locations
throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas
and Florida. In addition, TD Bank
and its subsidiaries offer customized private banking and wealth
management services through TD Wealth®, and vehicle
financing and dealer commercial services through TD Auto Finance.
TD Bank is headquartered in Cherry Hill,
N.J. To learn more, visit www.tdbank.com. Find TD Bank on
Facebook at www.facebook.com/TDBank and on Twitter at
www.twitter.com/TDBank_US.
TD Bank, America's Most Convenient Bank, is a member of TD Bank
Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services
company in North America. The
Toronto-Dominion Bank trades on the New
York and Toronto stock
exchanges under the ticker symbol "TD". To learn more, visit
www.td.com.
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SOURCE TD Bank