NEW YORK, June 22, 2015 /PRNewswire/ -- TD Bank,
America's Most Convenient Bank®, announced today that
its Commercial Real Estate (CRE) Group closed more than 240
transactions totaling $6.3 billion in
commitments in 2014. TD Bank's CRE team increased its total
commitments by nearly 9.5% in 2014 over 2013, highlighting the
increased demand for TD's range of real estate financing products
and the continued strength of the commercial real estate
sector.
"Demand for commercial real estate financing was strong
from Maine to Florida in 2014, particularly in the REIT
space," said Gregg Gerken, Senior
Vice President, TD Bank Group, and Head of U.S. Commercial Real
Estate Lending at TD Bank. "TD Bank is proud to partner with more
than 600 major players in the CRE industry, and we expect to see
continued strength during 2015 as the economy and employment
picture continue to improve."
Through its lending commitment for low-income housing tax
credits, new markets tax credits, and "80/20" financing, in 2014
TD's CRE team also closed 18 transactions totaling more than $314mm
in commitments to support local communities from Maine to Florida.
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