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Distressed Note Industry
New Jersey Multifamily Real Estate
Analyzing multifamily real estate loan performance across 45 New Jersey banks
As of Q2 2025, 45 New Jersey banks report multifamily real estate portfolios totaling $28.7B. Non-performing loans in this category total $195.8M — an average NPL ratio of 0.68% — with $109.0M 30-89 days delinquent, $0 90+ days delinquent, and $195.8M in nonaccrual status. The most distressed lender in this category is PEAPACK PRIVATE BANK AND TRUST (NJ) with an NPL ratio of 3.12%.
Total Lenders
45
Total Loan Portfolio
$28.7B
Total NPL
$195.8M
Average NPL %
0.68%
Delinquency Breakdown
30-89 Days
$109.0M
90+ Days
$0
Nonaccrual
$195.8M
Charge-offs
$7.3M
Banks by NPL Ratio
Distribution of banks by non-performing loan ratio
Top Distressed Banks - Multifamily Real Estate in New Jersey
Highest NPL %| Bank Name | State | Portfolio | NPL | NPL % |
|---|---|---|---|---|
| PEAPACK PRIVATE BANK AND TRUST | NJ | $1.8B | $56.0M | 3.12% |
| MANASQUAN BANK | NJ | $214.8M | $6.4M | 2.97% |
| HAVEN SAVINGS BANK | NJ | $293.4M | $3.4M | 1.17% |
| KEARNY BANK | NJ | $2.7B | $30.9M | 1.14% |
| 1ST COLONIAL COMMUNITY BANK | NJ | $40.5M | $359K | 0.89% |
| BCB COMMUNITY BANK | NJ | $482.1M | $4.2M | 0.86% |
| VALLEY NATIONAL BANK | NJ | $8.4B | $62.3M | 0.74% |
| SPENCER SAVINGS BANK, SAVINGS AND LOAN ASSOCIATION | NJ | $1.4B | $9.8M | 0.69% |
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Multifamily Real Estate in Other States
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