The Registry Review: June 13, 2022

Page 1

Vol.44, No.24

www.thewarrengroup.com

W E E K O F M O N D A Y, J U N E 1 3 , 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

T O P L O A N O R I G I N AT O R S

State’s Top LOs Adapt as Demand Shifts

Auburn 45 DARTMOUTH DR. . . . . . . . . . . . . . . . . . . . . . . . . . .$4,300,000 B: KB Diversified Healthcare 60 ST LLC S: KB Auburn Surgery Ctr LLC Mtg: Key Bank NA $80,000,000 Use: Commercial Building, Lot: 493099sf

Newbury

Refi Boom Fueled Massive Success in 2021

325 BAY POINT RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $3,900,000 B: James A Huguenard Tr, Tr for Patsy Ruth Fisher FT S: Catherine Costa & Peter H Costa

BY SCOTT VAN VOORHIS

Lebanon

SPECIAL TO THE REGISTRY REVIEW

T

48 LAFAYETTE ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,630,000 B: Marquis 48 LLC S: Hoco H LLC Mtg: Claremont Svgs Bk NH $2,900,000 Use: Industrial Office Building, Lot: 120226sf

o say that 2021 was a good year for Matt Thomas, a loan officer at Merrimack County Savings Bank, would be a massive understatement. Thomas wrote 294 residential refinance, purchase and construction loans worth more than $78 million last year. Pandemic and rock-bottom interest rates set off a frenzy of refinancing that began in 2020 and extend midway through 2021. And this TOP LOAN ORIGINATORS year isn’t so OF 2021 bad either. New Hampshire’s top loan originators listed in order in There has been this weeks’ special section. a significant SEE PAGE 15 falloff in refi demand as interest rates rise, but buyers seeking purchase mortgages and builders looking to put up homes with construction loans are helping pick up some of the slack. “The last two years of volume have been astronomical, driven primarily by the refinance side,” Thomas said. “Up to that date, we were [originating loans] in the $50 million range and then the pandemic hit. It has been a perfect storm.” Thomas was the top-producing residen-

Manchester 845 MAMMOTH RD. . . . . . . . . . . . . . . . . . . . . . . . . . . $2,800,000 B: Divine Design LLC S: Fourth Street Realty Inc Mtg: Digital FCU $1 Use: Residential-multiple Bldgs, Lot: 123275sf

Claremont 1 PLEASANT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,365,000 B: Dub Holdings LLC S: Union Block Co LLC Mtg: Northway Bank $2,973,000 Use: Mixed Use-prim Comm & Resd, Lot: 13504sf

Portsmouth 105 COURT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,195,000 B: 105 Court St LLC S: Folsom Salter House LLC Mtg: Northway Bank $1,646,250 Use: 2-Family Two Family, Lot: 5045sf 95 COURT ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,195,000 B: 105 Court St LLC S: Folsom Salter House LLC Mtg: Northway Bank $1,646,250 Use: Office Bldg-general, Lot: 4174sf

Laconia 39-49 METHODIST CIR. . . . . . . . . . . . . . . . . . . . . . . . $2,020,000 B: Patrick Bannon & Faith A Bannon S: Adam Desanctis Mtg: Bank of America NA $800,000 Use: 6 Bdrm Raised Ranch, Lot: 42689sf

Tilton 2-4 BEAR RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000,000 B: Granite State Communities S: Rodgers Development Co Mtg: Enterprise Bk & Tr Co $1,400,000 Use: 2fam-5fam Residence, Lot: 17424sf

$2,000 2000

800

$1.750 1750

INDEX Belknap �������������������������� 05/27/22 Carroll ���������������������������� 05/27/22 Cheshire ������������������������ 05/27/22 Coos �������������������������������� 05/27/22 Grafton ���������������������������� 05/27/22 Hillsborough ������������������ 05/27/22 Merrimack ���������������������� 05/27/22 Rockingham ������������������ 05/27/22 Strafford ������������������������ 05/27/22 Sullivan �������������������������� 05/27/22 Bankruptcies Lien & Attachments Foreclosure, Mortgagee & Other Lien Auctions Requests for Bids & Proposals

Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec. Jan Feb

Month

600

Oct. 18

Oct. 19

Oct. 20

Oct. 21

600 $600 300 $300

$00

Apr. Apr.18

’18

Refinance

Apr. 2018

$263

$266

$529

Apr. 2019 Purchase

$270

$296

$566

Apr. 2020

$249

$972

$1,221

Apr. 2021

$258

$1,094

$1,352

Apr. 2022

$250

$535

$785

Refinance

Purchase

900 $900

300

Purchase

Both

Refinance

1200 $1,200

900

Want to see your news Both featured in a Refinance future issue of Purchase The Registry Review?

’22

Both

1200

Continued on Page 16

Apr. May May June June July July Aug Aug. Sep Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb Feb. Mar. Mar. Apr. Apr. Apr

1500 $1,500

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

Both

600

$1,500 1500

REAL ESTATE RECORDS

3 3 4 5 5 6 8 9 12 12 13 13 13 13

vices topped the charts statewide as the top originator for a single institution in the mortgage company sector, and in the state overall, with loan volume of nearly $120 million. That’s up from $67.4 million in 2018, when Vogel was also the state’s top-producing originator for a single institution. Mary Merrill of CMG Mortgage took first place in the mortgage company category – and statewide as a whole – in the sheer number of loans closed for a single institution, weighing in with 436.

Volume of Mortgages for Single-Family Homes

85 WENTWORTH RD. . . . . . . . . . . . . . . . . . . . . . . . . . $1,795,000 B: Granite State Communities LLC S: Eric Johnson Tr, Tr for Eric&Donna Johnson RET Mtg: Partners Bk New Eng $1,346,250 Use: 3 Bdrm Cape Cod, Lot: 7405sf

COUNTY

tial mortgage loan officer at New Hampshire banks last year, according to the annual review of the mortgage data compiled by The Warren Group, publisher of The Registry Review. The top loan originators and the institutions they represent were ranked according to the institution they were most closely affiliated with in each particular sector – namely credit unions, banks and mortgage companies. The top originators were also ranked statewide and by individual region as well. Jay Vogel of Residential Mortgage Ser-

New Hampshire Market Statistics

New Castle

PG

Between surging demand for new homes and mortgage refinances, New Hampshire’s loan originators saw another banner year in 2021.

Apr. Apr.19

Apr. 20 Apr.

Apr. 21 Apr.

Apr. 22 Apr.

’19

’20

’21

’22

Both

❑ Dollar amounts in millions ❑ Source: The Warren Group ❑ Statistics based on single-family home sales

©2022 The Warren Group Inc. All rights reserved. No part of this publication may be reproduced without the written consent of the publisher.

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