Valley National Bank combines a large commercial real estate portfolio with a concentrated regional branch network. Established in 1927 and headquartered in Passaic, New Jersey, the bank operates 232 domestic offices across 6 states. Its balance sheet included $66.2 billion of total assets and $52.5 billion of total loans as of June 30, 2026. CRE accounted for $30.4 billion, making property lending central to the bank rather than a secondary business. For borrowers, that scale suggests substantial experience across income producing properties, owner occupied real estate and construction, although portfolio holdings do not establish the terms or availability of any future loan.
Valley publicly describes a broad CRE offering that includes permanent, construction-to-permanent, for-sale construction, bridge, land and land-improvement loans, along with co-op credit lines and mortgages. It identifies apartment buildings, offices, warehouses and industrial facilities, mixed-use properties, retail centers, shopping centers, co-ops, specialty buildings, residential subdivisions and spot-lot projects as areas of focus. Recent press reports show activity in multifamily development, condominium construction, industrial properties, healthcare facilities and mixed-use projects. The strongest visible pattern is geographic: announced transactions cluster in New York, New Jersey and Florida, which also contain most of Valley’s branches and deposits.
Valley’s $30.4 billion CRE book is led by investor property loans
Valley held $30.4 billion of commercial real estate loans as of June 30, 2026, representing 57.8% of its $52.5 billion loan portfolio. The FDIC figures placed the bank 14 of 4,167 nationally by CRE loans and 1 of 47 among banks headquartered in New Jersey. Investor nonfarm nonresidential loans formed the largest category at $11.1 billion, or 36.7% of CRE loans, and ranked 16 nationally within that segment. Multifamily was close behind at $9.0 billion, or 29.8%, with a national segment rank of 8. Together, those holdings show that rental housing and investor owned commercial properties are prominent parts of Valley’s existing portfolio.
Owner occupied CRE added $7.7 billion, equal to 25.3% of the CRE book, and ranked 16 nationally within its segment. Construction and land loans were smaller at $2.5 billion, or 8.2%, with a national segment rank of 34. The mix gives Valley meaningful exposure to both operating businesses that own their premises and investors that depend on property income. Its investor CRE to equity ratio was 2.70x as of June 30, 2026, underscoring the importance of property lending to the balance sheet. Borrowers should treat this portfolio composition as evidence of historical lending activity, not as a promise that Valley will approve a particular property type, structure or loan amount.
| Segment | Loans ($M) | Share of CRE | National rank |
|---|---|---|---|
| Construction and land | $2,484 | 8.2% | #34 |
| Multifamily | $9,034 | 29.8% | #8 |
| Owner occupied | $7,688 | 25.3% | #16 |
| Investor nonfarm nonresidential | $11,147 | 36.7% | #16 |
Source: FDIC Call Report as of June 30, 2026, schedule RC-C. FDIC record for Valley National Bank.
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Valley’s CRE portfolio increased from $19.3 billion at June 30, 2021 to $30.4 billion at June 30, 2026, a change of +57.6%. The path was uneven. Balances reached $26.9 billion in 2022, $31.6 billion in 2023 and $31.8 billion in 2024, before declining to $28.8 billion in 2025 and recovering by +5.2% year over year in 2026. Bank announcements said selective originations and portfolio activity lowered its CRE concentration ratio to about 353 percent in the first quarter of 2025 from 362 percent at year end 2024. During the second quarter of 2025, total CRE including construction declined $288.6 million, largely through normal repayments, while completed construction projects moved into permanent multifamily financing.
| June 30 | Total CRE loans ($M) | Change |
|---|---|---|
| 2021 | $19,259 | |
| 2022 | $26,903 | +39.7% |
| 2023 | $31,611 | +17.5% |
| 2024 | $31,772 | +0.5% |
| 2025 | $28,840 | -9.2% |
| 2026 | $30,353 | +5.2% |
Recent financings show active construction and multifamily lending
Recent press reports indicate that Valley continued financing sizable development projects in its core markets. Transactions included a $120 million construction loan for a 495-unit development in Long Island City, a $72 million construction loan for two 99-unit Brooklyn projects and a $63.5 million construction loan for the planned 1,056-unit Azalea Cay apartment development in St. Petersburg. Other reported activity included a $30 million refinance of the 210-unit Park Towers complex in Miami and $54 million of preconstruction bridge financing for a planned two-tower, 1,460-unit residential project in Fort Lauderdale. These announcements demonstrate recent execution across construction, bridge and refinance transactions, but they do not define generally available proceeds, pricing, leverage or closing speed.
Valley’s stated product set spans permanent, construction-to-permanent, for-sale construction, bridge, land and land-improvement loans, plus co-op credit lines and mortgages. Its stated property focus includes apartments, offices, industrial facilities, mixed-use assets, retail centers and specialty buildings. During 2025, the bank emphasized owner occupied CRE growth and relationship focused small to midsize clients while permitting targeted runoff of transactional, nonrelationship investor loans. At year end 2025, CRE excluding construction totaled $26.8 billion, up $242.5 million, as owner occupied and multifamily growth partly offset lower non-owner-occupied balances. That strategy suggests relationship depth may matter alongside property quality and transaction structure.
| Date | Property | Location | Type | Amount | Source |
|---|---|---|---|---|---|
| 2026-09 | Azalea Cay, planned 1,056-unit apartment development | St. Petersburg, FL | construction | $63.5 million | crenews.com |
| 2026-09 | 495-unit development at 10-01 45th Road | Long Island City, NY | construction | $120 million | traded.co |
| 2026-09 | Bedford-Stuyvesant industrial properties including 39 Walworth Street | Brooklyn, NY | other | $38.1 million | traded.co |
| 2026-08 | Two 99-unit projects at 230 and 234 Clarkson Street | Brooklyn, NY | construction | $72 million | pincusco.com |
| 2026-08 | Park Towers, 210-unit multifamily complex | Miami, FL | refinance | $30 million | commercialobserver.com |
| 2026-07 | Preconstruction financing for a planned two-tower, 1,460-unit residential project | Fort Lauderdale, FL | bridge | $54 million | commercialobserver.com |
| 2026-03 | Development at 105 Underhill Avenue and 326 Saint Marks Avenue | Brooklyn, NY | construction | $30 million | traded.co |
| 2025-12 | Complete Care skilled nursing and long-term care facilities | Brick Township, NJ | refinance | $188 million | traded.co |
| 2025-12 | Vacant development parcel at 1800 Park Avenue | New York, NY | acquisition | $44 million | commercialobserver.com |
| 2025-11 | 296-unit multifamily project at 2360 Bedford Avenue | Brooklyn, NY | bridge | $125 million | commercialobserver.com |
| 2025-11 | 203-unit rental tower at 50 Sussex Avenue | Newark, NJ | construction | $49.9 million | donovanllp.com |
| 2025-09 | The District in Davie mixed-use development | Davie, FL | construction | $85 million | commercialobserver.com |
| 2025-09 | Planned 25-unit condominium at 218 Madison Avenue | New York, NY | construction | $28.1 million | commercialobserver.com |
| 2025-08 | 110 Boerum Place, 21-unit condominium | Brooklyn, NY | construction | $47 million | commercialobserver.com |
| 2025-07 | Four adjacent multifamily properties at 1378 to 1384 Bedford Avenue | Brooklyn, NY | refinance | $12.8 million | traded.co |
Financings publicly announced by the bank, its borrowers or their advisors, as reported by the linked source. Not a complete record of the bank’s lending.
Valley’s strongest lending presence is in New Jersey, New York and Florida
Valley’s branch footprint is concentrated in markets that also appear frequently in its announced financings. New Jersey had 126 branches and $30.2 billion of deposits, while Florida had 42 branches and $10.2 billion. New York had 41 branches and $10.2 billion. The remaining footprint included 15 Alabama branches with $1.3 billion of deposits, 3 California branches with $2.3 billion and 1 Illinois branch with $201.5 million. In the third quarter of 2026, the bank said CRE including construction increased $343.5 million to $30.7 billion, driven by owner occupied healthcare and Florida originations plus construction advances in New York and Florida. Non-owner-occupied loans declined $145.7 million during the same quarter.
By CRE volume, Valley sits beside several much larger regional and national banking names. Its $30.4 billion portfolio matched TD Bank, N.A., compared with $34.7 billion at Manufacturers and Traders Trust Company, $26.9 billion at Citizens Bank, N.A. and $23.0 billion at Old National Bank. Valley may fit borrowers seeking an established relationship lender for owner occupied properties, multifamily assets or projects in its principal markets. The fit is less clear for borrowers seeking standardized terms without broader banking ties, given Valley’s stated emphasis on relationship focused small to midsize clients and targeted reduction of transactional, nonrelationship investor exposure.
| State | Branches | Deposits ($M) |
|---|---|---|
| New Jersey | 126 | $30,196 |
| Florida | 42 | $10,213 |
| New York | 41 | $10,151 |
| California | 3 | $2,302 |
| Alabama | 15 | $1,276 |
| Illinois | 1 | $202 |
Peer banks with a similar CRE book
| Bank | Headquarters | Total CRE loans ($M) | Change, 1 year |
|---|---|---|---|
| TD Bank, N.A. | Wilmington, DE | $30,408 | -3.6% |
| Old National Bank | Evansville, IN | $23,021 | +3.2% |
| Manufacturers and Traders Trust Company | Buffalo, NY | $34,665 | +0.6% |
| PNC Bank, N.A. | Wilmington, DE | $47,133 | +14.3% |
| Columbia Bank | Roseburg, OR | $26,361 | +36.5% |
| Citizens Bank, N.A. | Providence, RI | $26,949 | -7.4% |
Frequently Asked Questions
Does Valley National Bank make commercial real estate loans?
Yes. Valley National Bank held $30.4 billion of commercial real estate loans as of June 30, 2026. The bank describes permanent, construction-to-permanent, for-sale construction, bridge, land and land-improvement loans among its CRE products. It also identifies apartments, offices, warehouses, industrial facilities, mixed-use properties, retail centers, co-ops and specialty buildings as areas it serves. Availability and structure remain transaction specific, and the bank’s existing portfolio does not guarantee approval for a new borrower.
How large is Valley National Bank’s commercial real estate portfolio?
Valley’s CRE portfolio totaled $30.4 billion as of June 30, 2026, equal to 57.8% of its $52.5 billion total loan portfolio. The FDIC figures ranked it 14 of 4,167 banks nationally by CRE loans and 1 of 47 banks headquartered in New Jersey. The portfolio grew +5.2% year over year and +57.6% from June 30, 2021, although balances had moved both upward and downward during the intervening years.
What types of commercial properties does Valley National Bank finance?
Valley states that it finances a broad range of commercial properties. Its stated focus includes apartment buildings, offices, warehouses and industrial facilities, mixed-use properties, retail centers, shopping centers, co-ops, specialty buildings, residential subdivisions and spot-lot projects. The existing portfolio is led by investor nonfarm nonresidential loans at $11.1 billion, followed by multifamily at $9.0 billion and owner occupied CRE at $7.7 billion. Those balances describe current holdings rather than future credit availability.
Where does Valley National Bank make commercial real estate loans?
Valley’s clearest operating presence is in New Jersey, Florida and New York. Those states contain 126, 42 and 41 branches, respectively, and recent announced financings were concentrated in those markets. Press reports identified construction, bridge and refinance transactions in Brooklyn, Long Island City, Newark, Miami, St. Petersburg and Fort Lauderdale. Valley also has branches in Alabama, California and Illinois. A branch footprint does not establish that every CRE product is available in every market.
Is Valley National Bank a good fit for a multifamily or construction loan?
It may be, particularly for relationship oriented borrowers in Valley’s principal markets. Multifamily loans totaled $9.0 billion and ranked 8 nationally within that segment, while construction and land loans totaled $2.5 billion. Recent press reports included apartment and condominium construction loans in New York, New Jersey and Florida. Valley also states that it offers construction-to-permanent, for-sale construction and bridge loans. Borrowers still need to confirm current appetite, underwriting requirements, pricing and structure directly with the bank.
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BestCRE lender profiles are editorially independent and built from public regulatory filings and public announcements; no bank pays for a profile. Call report figures describe loans held on the bank’s balance sheet and do not show current terms or appetite. BestCRE is not a lender and is not affiliated with Valley National Bank. See our Legal Disclaimer and Compensation Disclosure.