The Registry Review: May 9, 2022

Page 1

Vol.44, No.19

www.thewarrengroup.com

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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