Portfolio Growth and Diversification: A First-Quarter Reflection

Shimon Eisikowicz, EVP & Chief Lending Officer

May 1, 2024

2 min read

As the Chief Lending Officer at Cross River, I am proud to share the achievements of our Commercial Banking Group (CBG) in the first quarter of 2024. Our team successfully closed more than $200 million in loan originations, a testament to our commitment to serving the diverse needs of the real estate sector.

Our journey this quarter was not without its challenges. The economic landscape has been complex, yet our team's dedication to maintaining a robust credit culture and expanding our market share has been the cornerstone of our success. We have navigated this tough environment with resilience, ensuring that our growth is both sustainable and responsible.

Success factors

The diversity of our portfolio is a key driver of our success. Our loans this quarter ranged from $500,000 to $50 million across healthcare lending, lender finance assets, and traditional commercial real estate. These results reflect our adaptability and our dedication to inclusivity in the financial landscape.

Central to our strategy is our commitment to building lasting relationships with our borrowers. It is not just about closing deals; it's about understanding and fulfilling the aspirations of those we serve. As we move forward, we will continue to prioritize these relationships, ensuring that our clients' success is at the heart of everything we do.

Forging Ahead

Looking ahead, I’m excited to continue this momentum. The recent addition of Tim Wolf, a seasoned professional in Lender Finance, to our team marks a strategic move to bolster our expertise. Our focus remains on commercial real estate, healthcare lending, lender finance and construction lending, sectors where we see significant potential for continued growth and impact.

The first quarter has set a strong foundation for the year. I’m especially grateful for the trust placed in us by our brokers and clients, and we look forward to another year of growth.