Amboy Bank provides $51M financing for former NFL player turned developer – NJBIZ

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Amboy Bank and real estate and business development company K johnson enterprises llc announced they have closed on a sequence of construction loans for the developer, supplying financing of.

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Amboy Bank previously provided $10 million to finance K Johnson’s 120,000 Sq. Ft. fitness center in Bordentown called Team 85 Fitness and Wellness, which provides local community members a one-stop shop to meet their fitness, sports, family, and wellness needs.

KRES Cold Storage will occupy a 5.05-acre site between N. Mill Road and Route 55 that was the home of GraphiColor Inc. In April, Vineland City Council approved approximately .6 million for the project, to come from the city’s Urban Enterprise Zone loan fund. Ocean First Bank and private sources supplied the rest of the funding.

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About Amboy: "When I was looking for a loan to move offices, I went to the two banks I already had relationships with, and the rates they gave me were terrible. Mary Pepe, the New Brunswick branch manager at the time, was my patient and suggested I try Amboy. I truly felt that they were investing in me, and they gave me a great rate.

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1 Amboy Bank Assistant Vice President Salaries Browse Amboy Bank Salaries by Job Title Amboy Bank Assistant Vice Presidents earn $69,000 annually , or $33 per hour, which is 21% lower than the national average for all Assistant Vice Presidents at $85,000 annually and 12% higher than the national salary average for all working Americans.

Amboy Bancorporation is a bank holding company with approximately 11 branch offices serving Central New Jersey. Amboy attracts deposits and offers real estate, commercial and installment loans.