Vol.44, No.19
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W E E K O F M O N D A Y, M A Y 9 , 2 0 2 2
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
FIRST QUARTER
Cambridge Trust Sees Commercial Lending to Remain Strong in 2022
Manchester 738 HOOKSETT RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $6,366,466 B: MBP 250-258 Flatbush Tic LLC & TP 2015 Tr 248 Flatbush Tic LLC S: Hooksett Rd Acquis LLC Use: Bottled/propane Gas Tanks, Lot: 20138sf
Manchester 5 DRIVING PARK RD. . . . . . . . . . . . . . . . . . . . . . . . . . $5,000,000 B: Santay Realty Of NH LLC S: Leclerc Plaza LLC
Despite Economic Upheaval, CFO is Upbeat
Salem
BY DIANE MCLAUGHLIN REGISTRY REVIEW STAFF
14 KELLY RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,000,000 B: Santay Realty Of NH LLC S: Kelly Plaza LLC
18 MINISTER POINT RD . . . . . . . . . . . . . . . . . . . . . . . $3,200,000 B: Timothy S Dinges & Jennifer J Dinges S: David Cregan & Suzanne Cregan-Donat Use: 5 Bdrm Colonial, Lot: 53579sf
Ossipee 335 ROUTE 16B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Calderwood RE Corp S: Barry D Rollins Tr, Tr for Barry D Rollins T Use: Mixed Use-prim Comm & Ind, Lot: 322344sf 355 ROUTE 16B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Calderwood RE Corp S: Barry D Rollins Tr, Tr for Barry D Rollins T Mtg: Barry D Rollins T $2,700,000 Use: Mixed Use-prim Comm & Other, Lot: 139392sf 151 ROUTE 16B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Calderwood RE Corp S: Barry D Rollins Tr, Tr for Barry D Rollins T Mtg: Barry D Rollins T $2,700,000 Use: Commercial Building, Lot: 85639sf 1495 ROUTE 16. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B: Calderwood RE Corp S: Barry D Rollins Tr, Tr for Barry D Rollins T Use: Residential Open Land, Lot: 522720sf
$2,700,000
$2,700,000
$2,700,000
$2,700,000
Portsmouth LAFAYETTE RD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,800,000 B: Juniper Commons LLC S: Ricci Construction LLC Mtg: Kennebunk Svgs Bank $14,000,000
North Hampton 32 BRADLEY LN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,655,000 B: Christopher Harrison & Sarah Harrison S: John S Kiemele Tr, Tr for John Kiemele 2020 RET
Bartlett 77 BEARFOOT CREEK RD. . . . . . . . . . . . . . . . . . . . . . $1,575,000 B: Robert M Horvath S: Bearfoot Creek LLC Mtg: Inst Svgs Newburyport $1,260,000 Use: 3 Bdrm Contemporary,
$2,000 2000
800
$1.750 1750
INDEX
Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Jan Feb
Month
600
Oct. 18
Oct. 19
Oct. 20
Oct. 21
800 $800 400 $400
$00
Feb. Mar.18
’18
Refinance
Mar. 2018
$206
$290
$496
Mar. 2019 Purchase
$217
$240
$457
Mar. 2020
$263
$727
$990
Mar. 2021
$235
$1,361
$1,596
Mar. 2022
$223
$647
$870
Refinance
Purchase
1200 $1,200
300
Purchase
Both
Refinance
1600 $1,600
900
Want to see your news Both featured in a Refinance future issue of Purchase The Registry Review?
’22
Both
1200
Continued on Page 12
Mar. Apr Apr. May May June June July July Aug Aug. Sep Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb Feb. Mar. Mar. Mar
2000 $2,000
1500
Oct. 17
0
’21
1800
0
Purchase
200
$1,000 1000 $750 750 $500 500 $250 250 $0 0
Refinance
400
$1,250 1250
TRANSACTIONS THRU
Belknap �������������������������� 04/22/22 Carroll ���������������������������� 04/22/22 Cheshire ������������������������ 04/22/22 Coos �������������������������������� 04/22/22 Grafton ���������������������������� 04/22/22 Hillsborough ������������������ 04/22/22 Merrimack ���������������������� 04/22/22 Rockingham ������������������ 04/22/22 Strafford ������������������������ 04/22/22 Sullivan �������������������������� 04/22/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals
newable energy sector. In response to an analyst’s question, Sheahan said tax incentives for developers have driven this growth, particularly in Massachusetts, Vermont, Maine, New York and New Jersey. Most of the activity has been with commercial solar projects, Sheahan said, as well as some hydropower projects.
Both
600
$1,500 1500
REAL ESTATE RECORDS
3 3 4 4 4 5 7 8 9 9 10 10 10 10
Some of the loan growth came from former clients of banks involved in recent mergers, Sheahan said. “Recent banking consolidation provides an opportunity as we are an alternative to larger merged companies for both talent and clients,” Sheahan said. The bank has also seen growth in the re-
Volume of Mortgages for Single-Family Homes
95 LAKE ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,550,000 B: 95 Lake Street LLC S: Lin Bi & Twei A Bi
COUNTY
Cambridge Trust Co. expects to grow its commercial loan portfolio by 6 percent to 8 percent this year.
New Hampshire Market Statistics
Gilford
PG
Registry Review file photo
D
espite changes to the economic and interest rate environments, Cambridge Trust Co. expects to continue to see growth in commercial lending this year. Chief Financial Officer Michael Carotenuto said during the bank’s first-quarter earnings call last month that Cambridge Trust has not changed its outlook for 6 percent to 8 percent growth in commercial loans in 2022. Cambridge Trust President and CEO Denis Sheahan said the bank’s confidence in commercial lending opportunities stems from the strong economic conditions in the Greater Boston and New Hampshire markets. He added that the innovation and life sciences sectors present opportunities for growth in several areas that Cambridge Trust focuses on, including multifamily housing, light industrial, lab space and construction. Cambridge Trust had first-quarter net income of $13.3 million, or diluted earnings per share of $1.89, compared to $13.5 million, or diluted earnings per share of $1.92, in the first quarter of 2021. Net income in the fourth quarter was $13.26, or diluted earnings per share of $1.88.
Moultonboro
Feb. 19 Mar.
Feb. 20 Mar.
Feb. 21 Mar.
Feb. 22 Mar.
’19
’20
’21
’22
Both
❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales
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