Vol.42, No.03
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W E E K O F M O N D A Y, J A N U A R Y 2 0 , 2 0 2 0
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
DE NOVO ACTIVITY
Franklin INDUSTRIAL PARK DR. . . . . . . . . . . . . . . . . . . . . . . . . $8,951,066 B: ARG FIFLNNH001 LLC S: Lincoln Acquisition LLC 43 INDUSTRIAL PARK DR. . . . . . . . . . . . . . . . . . . . . . $8,951,066 B: Lincoln Acquisition LLC S: Vitex Extrusion LLC
Millyard Bank Opens Doors – and Opportunities – for Businesses in Nashua Commercial Lending Will Be Strong Focus
Moultonboro GENEVA POINT RD L:2 . . . . . . . . . . . . . . . . . . . . . . . . $2,950,000 B: Gator Properties LLC S: Stonewater Homes LLC
Bow PINNACLE LN L:A-K . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Pinnacle Lane Dev LLC S: Primary Bank & New Hampshire Land Inv
Rye 340 SOUTH RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,900,000 B: Nathan M Stavseth S: Jaime A Baquero & Hannah L Growe Mtg: Newrez LLC $1,425,000 Use: 4 Bdrm Colonial, Lot: 123710sf
Hampton Falls 69 DRINKWATER RD. . . . . . . . . . . . . . . . . . . . . . . . . . $1,325,000 B: Mark A Doheny & Jill M Doheny S: Daniel J Slottje Mtg: Blue Water Mortgage $1,060,000 Use: 1-Family, Lot: 229561sf
Meredith 8 MAPLE ST . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,255,000 B: Meredith Place LLC S: Shops At Meredith Pl LLC Use: Retail-department Store, Lot: 42689sf
Moultonboro 68 CASTLE SHORE RD . . . . . . . . . . . . . . . . . . . . . . . . $1,010,000 B: James F Cullen S: Damir Durkovic & Anna Durkovic Mtg: Jeanne DArc CU $484,350 Use: 3 Bdrm Contemporary, Lot: 39640sf
Wolfeboro 20 WICKERS DR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,000,000 B: We Store It 4 U LLC S: Wickers Sportswear Inc Mtg: Nicholas Forgione $800,000 Use: Industrial Use, Lot: 220414sf
BY JOY CHOQUETTE REGISTRY REVIEW STAFF
M
illyard Bank, the newest bank in the state of New Hampshire, simultaneously stands out and blends in with other financial institutions in the state. That’s good news for business owners. With its official opening on Dec. 23, the bank is poised to assist businesses large and small with all of their finance needs. Commercial lending is the prominent focus of the bank, said President and CEO G. Frank Teas. He stated that the bank wants to be the solution for business owners and is prepared to lend up to several million dollars to businesses looking for loans. Millyard Bank opened its doors after receiving approval from the state Department of Banking and completing the necessary applications. Over 200 shareholders, most of whom were part of local private placement offerings, Teas said, raised nearly $21 million in capital for the bank. Still, not everyone in the Nashua area believed a new bank was needed. “Do we really need another bank?” is a question Teas said he’s heard in the community infrequently but counters with this statement: “One thing folks need to understand is that not every bank can serve every person.” Smaller banks, Teas stated, can’t loan many millions of dollars, but are the perfect solution
REAL ESTATE RECORDS
500
3 Belknap �������������������������� 01/07/20 3 Carroll ���������������������������� 01/07/20 4 Cheshire ������������������������ 01/07/20 4 Coos �������������������������������� 01/07/20 5 Grafton ���������������������������� 01/07/20 5 Hillsborough ������������������ 01/07/20 6 Merrimack ���������������������� 01/07/20 7 Rockingham ������������������ 01/07/20 9 Strafford ������������������������ 01/07/20 9 Sullivan �������������������������� 01/07/20 9 Bankruptcies 9 Lien & Attachments 10 Foreclosure, Mortgagee & Other Lien Auctions 10 Requests for Bids & Proposals
T
400 300 300 200 200
Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May June July Sept. Oct. Oct. Nov. Nov. Nov. May June July Aug. Aug. Sept. ’18
’19
Number 500 of Sales 500 450 450 400 500
350 350 300 300
Nov. Nov. ’14
Nov. Nov. ’15
Nov. Nov. ‘16
Nov. Nov. ’17
Nov. Nov. ’18
Nov. Nov. ’19
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providing exceptional customer service,” he said. In order to provide that exceptional customer service, Teas stated that choosing its financial technology partner carefully was extremely important. Millyard Bank has partnered with Fiserv, a fintech which checked all the boxes for the bank, Teas stated, and then some. Along with the typical services for busy financial institutions, Fiserv offers some of the newest banking tech services like remote deposits, digital disbursements and digital payment options.
Number of Condo Sales
INDEX PG COUNTY
for individuals who require flexibility along with a quick reaction and pivot time. Community banks are also great about offering common sense decision-making solutions for busy business owners. The types of commercial lending Millyard Bank offers businesses is four-fold: commercial mortgages, term debt, equipment financing and lines of credit, noted Teas. While the bank offers services outside of the commercial lending arena, it will focus on financing in the marketplace, Teas said. “We want to be the solution for business owners. We do that by leveraging technology and
New Hampshire Market Statistics
Ossipee 232 ROUTE 16B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $942,000 B: Meena LLC S: Lindsey Lu Inc Mtg: Union Bank $753,600 Use: Commercial Building, Lot: 383328sf
Millyard Bank opened its doors just before Christmas, and hopes to grow by focusing on commercial lending.
Year
Number of Sales
Change Prior Year
Nov. 2014 Nov. 2015 Nov. 2016 Nov. 2017 Nov. 2018 Nov. 2019
346 383 395 459 443 418
6.79% 10.69% 3.13% 16.2% -3.49% -5.64%
q Statistics based on condominium sales over $1,000 q Source: The Warren Group
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he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at www.theregistryreview.com. (There are no plans to cease publication of the newspaper.) All current subscribers have complimentary access to the website. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group