News: Northern New England
Posted: July 7, 2017
Franklin Savings ranked #1 in commercial mortgages by The Registry Review
Franklin, NH According to Ronald Magoon, president & CEO of Franklin Savings Bank, the bank outperformed other peer banks last year in commercial mortgages as published in the May 2017 edition of The Registry Review.
Overall, the bank ranked #1 in commercial mortgages by volume totaling $12,669,950 and #4 in number of loans with 22. The data was provided by The Warren Group, publisher of the Registry Review, a trusted and reliable source in New England for real estate property data.
“This recognition would not be possible without the outstanding efforts of our commercial lending team,” said Ron Magoon, president & CEO. “We are fortunate to have a talented team of lenders with decades of collective experience in assisting business owners with finding the appropriate financing to meet their needs.”
The data included in the report represents all purchase and non-purchase loans originated by banks, credit unions and mortgage companies located in New Hampshire during 2016. The report ranks top 10 lenders by volume and number of loans in the following categories: single-family, condo and commercial purchases and residential refinance.
Tags:
Northern New England
MORE FROM Northern New England
Northern New England
November 2024 NH CIBOR president’s message: 10 tips for commercial real estate investors - by Ethan Ash
While many Realtors will tell you what you need to do in order to sell your residential property at the highest price (clean out the junk, update bathrooms and kitchens, paint, etc.) most people don’t get easy to follow guidance on what to do to help your commercial real estate sale. Other than that advice that I
Columns and Thought Leadership
Residential is here to untie the office space doom loop - by Thomas House
The glut of unused (and to the owners, undervalued) office space because of the advent of work from home is in the process of becoming homes themselves. Though this is an officially supported trend in Boston and other northeast locations, the conversion
Maine multifamily outlook: Opportunities in Portland, Bangor, and Lewiston-Auburn - Blake Wright and Kristie Russell
The multifamily market in Maine’s major cities presents a diverse range of opportunities for investors. We looked at the potential benefits and unique characteristics of three major submarkets in the state: Portland, Bangor, and Lewiston-Auburn. The information below is based on research done in CoStar and county registries, and focuses on multifamily properties that have four or more units.
The Greater Portland industrial mid-year market update - by Nate Roop
The industrial market in Maine remains robust, characterized by historically low vacancy rates. As of early 2024, the vacancy rate across the state is below 2%, indicating a continued imbalance between supply and demand. This tight market environment has kept lease rates strong, with many landlords in a favorable position. Asking rates are trending around $10.50 per s/f for
Interest rates and inflation - by Matthew Bacon
As we all know, interest rates have been changing drastically, with movement in both directions, depending on the type and term of financing. The Federal Open Market Committee has taken drastic action in efforts to curb abnormally high inflation, but it hasn’t controlled labor cost growth to the extent that was intended.